Source Natural Foods and Herbal Supplements Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 9, 2026, as part of the company's regulatory compliance obligations.

Regulatory Compliance Details

The certificate was submitted in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Yash Jain signed the submission letter, which was addressed to BSE Limited's Listing Compliance department.

Registrar Certification

Venture Capital and Corporate Investments Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 6, 2026. The certification confirms adherence to dematerialization requirements and proper handling of securities.

The registrar certified that securities received for dematerialization have been mutilated and cancelled after due verification. Additionally, the names of both depositories have been updated in the company's records as registered owners within the mandatory 15-day period.

Depository Operations

The certificate covers operations with both major Indian depositories:

• National Securities Depository Limited (NSDL)
• Central Depository Services (India) Limited (CDSL)

The registrar confirmed that all dematerialization processes were completed within regulatory timelines, with proper verification procedures followed for each transaction. Details of securities have been furnished to relevant stock exchanges as required under the regulations.

Company Profile

Source Natural Foods and Herbal Supplements Limited operates from its registered office in Bangalore and maintains various certifications including ISO 22000, Indian Organic, USDA Organic, Vegan, and Halal India certifications. The company's securities are listed on BSE Limited under scrip code 531398.

Source Natural Foods and Herbal Supplements Limited has announced major strategic developments in its renewable energy business following a board meeting held on March 6, 2026. The company approved several key initiatives aimed at expanding its green energy portfolio through dedicated subsidiaries and strategic project transfers.

Solar Project Transfer and Subsidiary Structure

The board approved the transfer of the company's 2 MW grid-connected Solar PV power project under the PM-KUSUM Component-A Scheme in Odisha to Source Natural Solar Private Limited, a wholly owned subsidiary. This strategic move is part of the company's business strategy to house specific renewable energy projects under dedicated Special Purpose Vehicles (SPVs) for efficient project management, financing, and operations.

The company also granted land usage rights to Source Natural Solar Private Limited for the Odisha Solar Project and approved entering into an EPC Contract with the subsidiary for development, implementation, running and maintenance of the project.

New Subsidiary Incorporation

The board approved the incorporation of a new wholly owned subsidiary in Karnataka. The proposed subsidiary will focus on acquiring land and immovable property rights to develop, manage, and lease properties for Special Purpose Vehicles. The subsidiary's scope includes setting up solar and renewable energy projects, energy storage systems, electric vehicle charging infrastructure, and facilities for wastewater treatment and waste management.

Project Portfolio and Recent Achievements

The board reviewed the company's expanding green energy business and expressed satisfaction with the progress achieved. The company has successfully commissioned a 0.5 MW rooftop solar project for an aerospace industry customer in Bangalore and received a Letter of Award as a power generator for the 2 MW grid-connected solar project in Odisha under the PM Kusum-A Scheme.

Current Project Pipeline

The company reported significant momentum in project acquisition and development:

• Secured Projects: 140 projects under the PM Surya Ghar Yojana in the last two months
• Advanced Discussions: 0.5 MW rooftop solar project for a customer in Udipi, Karnataka
• Large Scale Development: 30 MW solar project in Andhra Pradesh
• Future Pipeline: Initial discussions for 6-8 MW of solar projects in Odisha

Additional Infrastructure Development

Beyond solar projects, the company is implementing a 100 KLD wastewater treatment plant in Pune, Maharashtra. This nature-based STP is designed to treat wastewater without running motors or pumps, resulting in minimal operating costs and demonstrating the company's commitment to sustainable infrastructure solutions.

Corporate Governance and Compliance

The board meeting, which commenced at 11:30 A.M. and concluded at 12:45 P.M., was conducted in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided detailed disclosures regarding the subsidiary incorporation and project transfers as required under regulatory guidelines.