Sharda Motor Industries Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026. The submission fulfills requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The compliance certificate was submitted to both BSE Limited and National Stock Exchange of India Limited on April 14, 2026. The filing was signed by Iti Goyal, Assistant Company Secretary and Compliance Officer of Sharda Motor Industries Limited.

Certificate Details

Registrar Confirmation

Alankit Assignments Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate confirming adherence to regulatory requirements. The certificate was signed by Kamal Garg, General Manager at Alankit Assignments Limited.

The registrar confirmed two key compliance aspects:

• Securities comprised in the certificates have been listed on stock exchanges
• Physical certificates have been properly verified, mutilated, cancelled, and depository names substituted in records as registered owners

Stock Exchange Information

Sharda Motor Industries Limited trades on both major Indian stock exchanges with the following identifiers:

• BSE: Scrip Code 535602
• NSE: Symbol SHARDAMOTR (EQ Series)

The compliance filing represents standard regulatory adherence for listed companies regarding dematerialization of physical share certificates and maintenance of proper depositories records.

Sharda Motor Industries Ltd has received a significant relief in its income tax appeal, with the Commissioner of Income-Tax (Appeals) passing a favorable order that substantially reduces the company's outstanding tax demand for assessment year 2022-23.

Appellate Order Details

The company received the appellate order dated March 27, 2026, from the Commissioner of Income-Tax (Appeals)-27, New Delhi, through email on March 30, 2026. This order was passed under section 250 of the Income Tax Act, 1961, continuing the proceedings from previous intimations, with the latest being February 26, 2026.

Financial Impact and Demand Reduction

The appellate order is expected to provide substantial financial relief to the company. According to management's assessment, the outstanding tax demand for assessment year 2022-23 will be significantly reduced following the CIT(A) order.

Next Steps and Management Action

Following the favorable appellate order, the company will approach the Assessing Officer to pass the appeal effect order in accordance with the directions issued under section 250 by the Commissioner of Income-Tax (Appeals). Management expects this process to formalize the reduction of the tax demand from Rs 4.30 crore to Rs 5.22 lakhs.

The company has indicated its intention to file an appeal before the Income Tax Appellate Tribunal against the remaining demand of Rs 5.22 lakhs, suggesting continued efforts to minimize tax liabilities through available legal remedies.

Regulatory Compliance

Sharda Motor Industries informed both BSE (Scrip Code: 535602) and NSE (Symbol: SHARDAMOTR) about this development in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The communication was signed by Iti Goyal, Assistant Company Secretary and Compliance Officer, ensuring proper corporate governance and transparency in reporting material developments to stakeholders.