Sukhjit Starch & Chemicals Limited has submitted its quarterly compliance certificate to stock exchanges as mandated under SEBI regulations. The certificate pertains to the quarter ended March 31, 2026, and confirms the company's adherence to dematerialization requirements for physical share certificates.

Regulatory Compliance Submission

The company filed the certificate with both BSE Limited and National Stock Exchange of India Limited on April 3, 2026. The submission was made by Aman Deep Setia, Sr. Vice President (Finance) & Company Secretary, through electronic filing to meet regulatory obligations.

Certificate Details and Verification

The certificate was issued by Skyline Financial Services Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent. The document confirms compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

The certification covers two critical compliance aspects:

• Securities comprised in the certificates have been listed on the stock exchange where earlier issued securities are listed
• Physical certificates have been mutilated and cancelled after due verification, with the depository name substituted in records as registered owner within the mandated 15-day period

Dematerialization Process Confirmation

The certificate specifically addresses the handling of physical share certificates received for dematerialization during the quarter. Skyline Financial Services confirmed that all procedural requirements were met, including proper verification, cancellation of physical certificates, and timely record updates.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in the dematerialization process and maintaining investor confidence in securities handling procedures.

Sukhjit Starch & Chemicals Limited has informed stock exchanges about receiving an Income Tax assessment order that proposes a demand of ₹4.46 crore including interest for Assessment Year 2024-25. The company disclosed this development under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Assessment Order Details

The company received the assessment order under Section 143(3) of the Income Tax Act from the Assessment Unit of the Income Tax Department on March 24, 2026. The order pertains to Assessment Year 2024-25 and includes both the principal demand amount and applicable interest components.

Company's Response and Legal Position

Sukhjit Starch & Chemicals has stated that based on the factual position and the company's assessment, the demand is not maintainable under the provisions of the Income Tax Act. The company is preparing to file an appeal against the order before the concerned appellate authorities.

The management has expressed confidence in their legal position, stating that they do not foresee any liability to crystallize on account of this assessment order. The company maintains that there will be no impact on its financial position or operational activities due to this development.

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFDPOD-1/P/CIR/2023/123 dated July 13, 2023, which mandates listed companies to inform exchanges about significant regulatory actions. The communication was signed by Aman Deep Setia, Senior Vice President (Finance) and Company Secretary, and filed electronically with both BSE and NSE on March 25, 2026.

Financial Impact Assessment

According to the company's assessment, the Income Tax demand will not have any material impact on its financial operations. The company's confidence stems from their belief that the demand lacks legal merit under the current provisions of the Income Tax Act, and they expect a favorable outcome through the appellate process.