SRF Limited's promoter group has submitted a formal declaration to stock exchanges confirming that no encumbrance was created on their shares during the financial year ending March 31, 2026. The declaration, filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, demonstrates the company's commitment to regulatory compliance and transparency.

Promoter Group Declaration Details

The declaration was jointly signed by three key promoters on April 1, 2026:

• Arun Bharat Ram (digitally signed at 16:28:47 IST)
• Ashish Bharat Ram (digitally signed at 16:30:01 IST)
• Kartik Bharat Ram (digitally signed at 16:27:31 IST)

The filing confirms that members of the promoter and promoter group, including persons acting in concert, have not created any encumbrance on SRF Limited shares directly or indirectly during FY26.

Shareholding Structure

The promoter group's total shareholding stands at 148982500 shares, representing 50.26% of SRF Limited's total equity capital. The shareholding distribution among key promoter entities is as follows:

Promoter Group Composition

The comprehensive promoter group includes multiple entities and family members:

Individual Promoters:

• Bharat Ram family members including Mrs. Vasvi Bharat Ram, Mrs. Radhika Bharat Ram, Ms. Kairavi Bharat Ram, Ms. Apoorvi Bharat Ram, Mr. Maahir Bharat Ram, and Ms. Ahaana Bharat Ram

Corporate Entities:

• Various SRF group companies across different geographies including SRF Global BV, SRF Industries (Thailand) Ltd, SRF Europe KFT, and SRF Middle East LLC
• Real estate and investment entities such as KAMA Realty (Delhi) Ltd, Orange Farms Private Limited, and multiple LLP structures
• Educational and other business ventures including Shri Educare Ltd and TYPsy Beauty Products LLP

Regulatory Compliance

This declaration represents a mandatory compliance requirement under SEBI takeover regulations, ensuring transparency in promoter shareholding and any potential encumbrances. The filing was simultaneously submitted to BSE Limited and National Stock Exchange of India Limited, maintaining the company's commitment to regulatory adherence and shareholder transparency.

The absence of any encumbrance on promoter shares during FY26 indicates stable ownership structure and demonstrates the promoter group's continued confidence in the company's prospects.

SRF Limited has secured a significant legal victory with the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, ruling in its favor and quashing a penalty of Rs. 36,85,987 that was imposed by the Central Goods and Services Tax (CGST) authorities.

Background of the Case

The penalty was originally imposed by the office of Assistant Commissioner, CGST & Cex, Division – II, Gwalior, Madhya Pradesh. Following this adverse order, SRF Limited had filed an appeal before CESTAT, Delhi, as communicated to the stock exchanges in November 2023.

Tribunal's Favorable Decision

The appellate tribunal has now delivered a comprehensive ruling in favor of SRF Limited. The key aspects of the decision include:

The tribunal's order specifically states that the demand cannot be sustained against the company, thus allowing the appeal and quashing the earlier order passed by the CGST authorities.

Regulatory Compliance

SRF Limited has promptly disclosed this development to the stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Rajat Lakhanpal, Sr. Vice President (Corporate Compliance) & Company Secretary, demonstrating the company's commitment to transparent communication with stakeholders.

Impact on Company

This favorable appellate order provides complete relief to SRF Limited from the penalty that was imposed by the CGST authorities. The successful challenge of the penalty demonstrates the company's robust legal strategy and its commitment to defending its position through appropriate legal channels when faced with adverse regulatory actions.