Sahasra Electronic Solutions Limited has submitted its reconciliation of share capital audit report for the quarter ended 31st March, 2026, to the National Stock Exchange of India Limited. The filing was made in compliance with Regulation 76 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Share Capital Structure

The audit report, prepared by practicing company secretaries M/s Saurabh Agrawal & Co., provides a comprehensive overview of the company's share capital position. The report confirms that the company maintains complete alignment between its issued, listed, and outstanding share capital.

Shareholding Distribution

The report reveals the distribution of shares across different depositories, showing complete dematerialization of the company's equity shares. The shareholding pattern demonstrates a shift in distribution between NSDL and CDSL during the quarter.

Compliance and Operations

The audit confirms that the company has maintained proper compliance with regulatory requirements. Key operational highlights include:

• Register of members updated as per requirements
• No dematerialization requests received during the quarter
• Total shareholder count of 6,023 as of quarter-end
• No pending dematerialization requests beyond 21 days
• No excess dematerialized shares reported

Corporate Information

The company operates from its registered office at 33, Pocket 1, Jasola Vihar, New Friends Colony, New Delhi, with its correspondence address at 68-AA, Noida Special Economic Zone, Gautam Buddha Nagar, Noida, Uttar Pradesh. Ms. Neha Tahir serves as the Company Secretary and Compliance Officer, while Bigshare Services Private Limited acts as the Registrar and Share Transfer Agent.

The audit was conducted by CS Saurabh Agrawal, Partner at Saurabh Agrawal & Co., and the report was signed by Chairman & Managing Director Amrit Lal Manwani on 24th April, 2026.

The Enforcement Directorate (ED) has taken significant action against the Sahara Group, filing a prosecution complaint under the Prevention of Money Laundering Act (PMLA) on September 6. This development marks a crucial step in the ongoing investigation into the group's financial practices.

Key Developments

• Two individuals, Jitendra Prasad Verma and Anil Vilaparampil Abraham, have been arrested and named as accused in the case.
• The accused allegedly facilitated the secret disposal of Sahara Group properties through cash transactions.
• ED's investigation revealed that properties acquired through public deposits were being disposed of covertly.

Allegations and Investigations

The ED has leveled serious allegations against the Sahara Group, including:

• Operating a Ponzi scheme
• Manipulating accounts
• Siphoning depositor money for personal use

The probe is extensive, stemming from over 500 FIRs across various states, with more than 300 involving scheduled offences. In response to these findings, the ED has issued four Provisional Attachment Orders on benami assets.

Refund Process and Supreme Court Intervention

Despite the ongoing legal challenges, efforts are underway to address the concerns of depositors:

• Sahara Group has deposited Rs 16,138.00 crore in a refund account.
• Rs 5,000.00 crore has been allocated for depositor refunds.
• Over Rs 5,000.00 crore has already been refunded to more than 27 lakh depositors.
• The Supreme Court has permitted an additional Rs 5,000.00 crore disbursal for refunds.
• Rs 19,533.00 crore remains in the account for eligible depositors.

This case highlights the complex interplay between financial regulations, law enforcement, and the protection of public investments. As the legal proceedings unfold, the focus remains on ensuring justice and safeguarding the interests of the affected depositors.