Shahlon silk industries Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate to BSE Limited for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining transparency and adhering to securities market regulations.

Regulatory Compliance Submission

The certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, on April 8, 2026. Company Secretary Hitesh Garmora digitally signed and submitted the document to BSE Limited's Department of Corporate Services.

Certificate Details and Compliance Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated March 31, 2026. The certificate confirms that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories.

The registrar confirmed several key compliance aspects:

• Securities received for dematerialization were accepted or rejected as per regulations
• All securities comprised in certificates have been listed on appropriate stock exchanges
• Security certificates received for dematerialization were mutilated and cancelled after proper verification
• Depository names were substituted in the register of members within the mandated 15-day period

Regulatory Framework and Requirements

The submission aligns with SEBI's regulatory framework established through multiple circulars, including NSDL/CIR/II/5/2019 and CDSL/OPS/RTA/POLICY/2019/14, both dated January 25, 2019. These regulations ensure proper handling of dematerialized securities and maintain investor protection standards.

Corporate Governance and Transparency

This quarterly compliance certificate submission reflects Shahlon Silk Industries Limited's adherence to corporate governance standards and regulatory requirements. The company's proactive approach to regulatory compliance helps maintain investor confidence and ensures smooth operations within the securities market framework.

The timely submission of such certificates is essential for listed companies to maintain their good standing with stock exchanges and regulatory authorities, demonstrating operational transparency and commitment to investor protection.

Shahlon Silk Industries Limited has received a show cause notice from the GST Department regarding alleged tax violations spanning two financial years. The company disclosed this development to BSE on March 26, 2026, in compliance with SEBI listing regulations.

GST Show Cause Notice Details

The Additional Commissioner, Surat Zonal Unit, Gujarat has issued the show cause notice in Form GST DRC-01 under Section 122 of the Central Goods and Services Tax Act, 2017. The notice was received by the company on March 25, 2026, and pertains to alleged violations in FY 2023-24 and FY 2024-25.

Penalty Structure and Financial Impact

The show cause notice alleges that the company passed on ineligible Input Tax Credit (ITC) and proposes substantial penalties across both financial years. The total penalty amount aggregates to Rs. 5,50,44,402/-.

Company Response and Next Steps

Shahlon Silk Industries has stated that it is currently analyzing the contents of the show cause notice. The company plans to file an appropriate reply within the stipulated timeframe. According to the disclosure, the company has assessed that there is no immediate impact on its financial and operational activities.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information has also been hosted on the company's website at www.shahlon.com as required under Regulation 46 of the Listing Regulations.

The notice was signed by Hitesh Garmora, Company Secretary & Compliance Officer (ACS 16160), and digitally submitted to BSE on March 26, 2026.