Sudarshan Chemical Industries Submits SEBI Compliance Certificate for Q4 FY26

1 min read     Updated on 13 Apr 2026, 11:20 AM
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Sudarshan Chemical Industries Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4 FY26 period ending March 31, 2026. The certificate, issued by Registrar & Transfer Agent MUFG Intime India Private Limited, confirms proper handling of securities dematerialisation and adherence to prescribed timelines for depositories management during the quarter.

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Sudarshan Chemical Industries Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the company's adherence to securities handling protocols during the fourth quarter of fiscal year 2026.

Regulatory Compliance Submission

The company filed the certificate on April 13, 2026, with both BSE Limited and National Stock Exchange of India Limited. The submission pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, covering the period from January 1, 2026, to March 31, 2026.

Parameter: Details
Filing Date: April 13, 2026
Reporting Period: January 1, 2026 to March 31, 2026
Regulation: SEBI Regulation 74(5)
Submitted By: Mandar Velankar, General Counsel and Company Secretary

Registrar & Transfer Agent Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar & Transfer Agent, issued the compliance certificate on April 6, 2026. The entity operates under SEBI Registration Number INR000004058 and was formerly known as Link Intime India Private Limited.

The certificate confirms that securities received from depository participants for dematerialisation during the quarter ended March 31, 2026, were properly processed. MUFG Intime verified that all securities were confirmed to depositories within prescribed timelines and that security certificates received for dematerialisation were appropriately handled.

Securities Handling Compliance

The confirmation certificate validates several key compliance aspects:

  • Securities received for dematerialisation were confirmed or rejected to depositories as required
  • All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
  • Security certificates received were mutilated and cancelled after due verification by depository participants
  • Names of depositories were substituted in the register of members as registered owners within prescribed timelines

Corporate Structure Details

MUFG Intime India Private Limited operates from Block No 202, 2nd Floor, Akshay Complex, Off Dhole Patil Road, Pune, with Corporate Identification Number U67190MH1999PTC118368. The entity's Vice President – Corporate Registry, Ashok Shetty, signed the compliance certificate on behalf of the organization.

The submission reinforces Sudarshan Chemical Industries' commitment to maintaining regulatory compliance in securities handling and depositories management, ensuring proper adherence to SEBI guidelines for investor protection and market integrity.

Historical Stock Returns for Sudarshan Chemical Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.36%+5.36%-5.79%-38.80%-20.49%+52.58%

Will Sudarshan Chemical Industries announce any major corporate actions or restructuring plans in the upcoming quarters that could impact securities handling?

How might the recent name change of the Registrar & Transfer Agent from Link Intime to MUFG Intime affect future compliance processes for Indian companies?

What are the potential implications if SEBI introduces stricter depositories regulations in 2026-27 for chemical industry companies?

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Sudarshan Chemical Industries Receives GST Demand Orders Worth ₹12.56 Lakh from Chennai Authorities

1 min read     Updated on 01 Apr 2026, 10:58 PM
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Sudarshan Chemical Industries Limited received GST demand orders totaling ₹12.56 lakh from Chennai tax authorities covering financial years 2019-2024. The orders include tax, interest, and penalties across five separate periods. The company plans to file appeals and expects no material impact on operations.

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Sudarshan Chemical Industries Limited has received multiple GST demand orders from Chennai tax authorities totaling ₹12.56 lakh across five financial years. The company disclosed this development in a regulatory filing under SEBI Listing Regulations on 1st April, 2026.

GST Demand Orders Overview

The Office of the Superintendent of GST and CE, Range IV: Valasaravakkam Division Chennai, South Commissionerate, Tamil Nadu issued five separate GST DRC-07 orders dated 31st March, 2026. These orders cover consecutive financial years from 2019-20 to 2023-24, following completion of tax audits for each period.

Financial Impact Breakdown

The total demand across all five orders amounts to ₹12.56 lakh, comprising tax, interest, and penalties:

Period Total Demand (₹) Tax (₹) Interest (₹) Penalty (₹)
2019-20 65,920 31,420 1,652 32,848
2020-21 5,89,258 2,83,567 10,952 2,94,739
2021-22 4,19,970 2,00,060 8,826 2,11,084
2022-23 80,598 33,200 4,288 43,110
2023-24 1,00,332 37,976 6,538 55,818

Company's Response and Legal Position

Sudarshan Chemical Industries has expressed confidence in its position regarding all points raised by the tax authorities. The company believes it has a strong case and is in the process of filing appeals before the appropriate authority for each order. All demand orders are appealable under GST regulations.

Expected Business Impact

The company has stated that it expects no impact on its financial, operational, or other activities due to the issuance of these orders. This assessment is based on management's confidence in the appeal process and their belief in having valid grounds to contest the demands.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, 2015, and follows the requirements outlined in the SEBI Master Circular dated 30th January, 2026. The company has also uploaded this information on its official website at sudarshan.com for stakeholder access.

Historical Stock Returns for Sudarshan Chemical Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.36%+5.36%-5.79%-38.80%-20.49%+52.58%

What specific GST compliance issues might have triggered audits across five consecutive years for Sudarshan Chemical Industries?

How could prolonged GST disputes affect Sudarshan Chemical's working capital and cash flow management during the appeal process?

Will this GST scrutiny prompt increased regulatory oversight of other chemical manufacturing companies' tax compliance practices?

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1 Year Returns:-20.49%