Rallis India Opens Special Window for Physical Share Transfer Re-lodgement

2 min read     Updated on 25 Mar 2026, 08:59 PM
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Rallis India Limited has opened a special window until February 5, 2026 for shareholders to re-lodge physical share transfer requests that were previously rejected or unprocessed due to documentation issues. The facility follows SEBI guidelines and requires submission of corrected documents to the company's registrar MUFG Intime India Private Limited, with all re-lodged shares to be issued in demat mode under one-year lock-in period.

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Rallis India Limited , a Tata Enterprise, has announced the opening of a special window for re-lodgement of transfer requests of physical shares through newspaper advertisements published on March 25, 2026. The pharmaceutical company has established this facility following SEBI guidelines to assist shareholders with previously rejected or unprocessed share transfer requests.

Special Window for Physical Share Transfer

In accordance with SEBI Circular No. HO/MIRSD/MIRSD_RTAMB/P/CIR/2020/166 dated September 07, 2020, the company has opened a special window until February 5, 2026 to facilitate re-lodgement of transfer of physical shares. This window specifically addresses shares that were lodged prior to April 1, 2019 for transfer and were subsequently rejected, returned, or not attended to due to deficiency in documents, process, or formalities.

Window Details: Information
Opening Period: Until February 5, 2026
Eligible Shares: Physical shares lodged before April 1, 2019
Issue Mode: Demat mode only
Lock-in Period: One year from transfer registration date

Transfer Process and Requirements

The shares that are re-lodged for transfer shall be issued only in demat mode and shall be under lock-in for a period of one year from the date of registration of transfer. Eligible shareholders are requested to submit the necessary original transfer documents along with corrected or missing details and other requisite documents to the company's Registrar and Transfer Agent.

Transfer Agent Details: Information
Name: MUFG Intime India Private Limited
Former Name: Link Intime India Private Limited
Address: C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
Deadline: February 5, 2026
Query Portal: https://web.mufg.intime.com/helpdesk/Service_Request.html

Exclusions and Limitations

Cases involving disputes between transferor and transferee shall not be considered in this special window and may be settled by transferor and transferee through Court/NCLT process. Additionally, shares which have been transferred to Investor Education and Protection Fund shall not be considered under this window for processing.

Regulatory Compliance and Publication

The announcement was made pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newspaper advertisement was published in multiple newspapers on March 25, 2026, including Business Standard (English), The Free Press Journal (English), and Navshakti (Marathi).

Publication Details: Information
Business Standard: All editions
The Free Press Journal: Mumbai edition
Navshakti: Mumbai edition
Company Website: www.rallis.com

The communication was signed by Sariga P Gokul, Company Secretary & Compliance Officer, ensuring proper authorization and regulatory compliance. The information is also available on the company's website for shareholder reference.

Historical Stock Returns for Solara Active Pharma Sciences

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How might the one-year lock-in period for transferred shares impact Rallis India's stock liquidity and trading volumes?

Will other Tata Group companies follow similar special windows for physical share transfers, potentially setting an industry precedent?

What operational challenges might MUFG Intime India face in processing potentially large volumes of re-lodged transfer requests before the February 2026 deadline?

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Solara Active Pharma Sciences: Faces ₹161.92 Cr Tax Demand For AY20 From Thane Authority; Plans To Appeal And Expects No Major Impact

1 min read     Updated on 18 Mar 2026, 09:26 PM
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Solara Active Pharma Sciences has received a significant income tax demand notice of ₹161.92 crores for assessment year 2019-20 from the Deputy Commissioner of Income Tax, Central Circle-3, Thane. The demand stems from disallowance of certain expenses claimed in the company's tax return. Despite the substantial amount, the pharmaceutical company remains confident in its position and plans to file an appeal against the assessment order within prescribed timelines, expecting no material impact on its financial position.

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Solara Active Pharma Sciences Limited has received a significant income tax demand notice of ₹161.92 crores for assessment year 2019-20, the company disclosed in a regulatory filing. The notice was issued by the Deputy Commissioner of Income Tax, Central Circle-3, Thane, following an assessment order passed under Section 143(3) read with Section 147 of the Income Tax Act, 1961.

Tax Demand Details

The substantial tax demand stems from the disallowance of certain expenses claimed by the company in its income tax return for assessment year 2019-20. The company received the communication on March 17, 2026, and made the regulatory disclosure on March 18, 2026.

Parameter: Details
Tax Demand Amount: ₹161.92 crores
Assessment Year: 2019-20
Issuing Authority: Deputy Commissioner of Income Tax, Central Circle-3, Thane
Date of Receipt: March 17, 2026
Legal Basis: Section 143(3) read with Section 147 of Income Tax Act, 1961
Notice Type: Demand Notice under Section 156

Company's Response and Action Plan

Solara Active Pharma Sciences has expressed confidence in its position, stating that it believes it has merits in the case and does not expect any material impact on the company financially or otherwise. The pharmaceutical company is preparing to file an appeal against the assessment order before the concerned appellate authority within the prescribed timelines.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulations, following the SEBI Master circular dated January 30, 2026.

Compliance Aspect: Status
Penalty Imposed: Nil
Non-compliance Identified: Related to expense disallowances
Expected Financial Impact: No material impact anticipated
Appeal Timeline: Within prescribed limits
Company Secretary: Pooja Jaya Kumar (ICSI: A57415)

The company has confirmed that no penalties, restrictions, or sanctions have been imposed pursuant to the communication. The matter is limited to the tax demand arising from the disallowed expenses for assessment year 2019-20. The official communication was signed by Company Secretary Pooja Jaya Kumar and will be available on the company's website at solara.co.in.

Historical Stock Returns for Solara Active Pharma Sciences

1 Day5 Days1 Month6 Months1 Year5 Years
+3.70%+4.26%+3.01%-21.35%-7.09%-63.21%

How might this tax dispute affect Solara's cash flow and capital allocation plans if the appeal process extends beyond the current fiscal year?

Could this assessment trigger similar scrutiny of Solara's tax filings for subsequent years, potentially leading to additional demands?

What impact might this regulatory disclosure have on investor sentiment and Solara's stock performance in the near term?

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