Swastika Investmart Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The submission was made to BSE Limited on 7th April, 2026, demonstrating the company's commitment to regulatory compliance.

Regulatory Compliance Details

The certificate was submitted pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depository and Participants) Regulations, 2018. This regulation requires companies to provide quarterly confirmations regarding dematerialization and rematerialization activities through their registrar and transfer agents.

Certificate Confirmation

Ankit Consultancy Pvt. Ltd., serving as the company's Registrar and Transfer Agent, issued the confirmation certificate on 6th April, 2026. The certificate specifically states that no demat and remat requests were received from depository participants during the quarter ended 31st March, 2026.

Corporate Governance

The submission was signed by Shikha Agrawal, Company Secretary & Compliance Officer of Swastika Investmart Limited, with membership number A36520. The digital signature was applied on 8th April, 2026, ensuring proper authentication of the regulatory filing.

The certificate from Ankit Consultancy Pvt. Ltd. was signed by CS Saurabh Maheshwari, serving as the Compliance Officer, confirming the absence of any dematerialization or rematerialization requirements during the reporting period.

Operational Status

The confirmation indicates that there were no demat and remat requests received from depository participants during Q4FY26, which means there was no requirement for sending intimation to the depositories. This reflects stable shareholding patterns and minimal share transfer activities during the quarter.

This regulatory filing underscores Swastika Investmart Limited's adherence to SEBI compliance requirements and maintains transparency with stakeholders regarding depository-related activities.

Swastika Investmart Limited has received significant relief from the Income Tax Appellate Tribunal Mumbai, with a tax demand for financial year 2014-15 being reduced to nil. The development marks a positive resolution to a long-standing tax dispute that has been under appeal since August 2023.

Tribunal Order Details

The Income Tax Appellate Tribunal Mumbai Bench issued Order ITA No. 6214/MUM/2025 dated March 12, 2026, under Section 143(3) of the Income Tax Act, 1961. The Assistant Registrar of ITAT Mumbai passed the order following submissions and representations made by the company.

Pending Proceedings

While the company has secured relief in one matter, proceedings related to a demand under Section 156 of the Income Tax Act, 1961, remain ongoing. This separate case involves an amount of Rs. 50.50 lakhs and is currently pending before the Commissioner of Income-tax Appeals.

Regulatory Compliance

The company filed this update under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, in continuation of its earlier disclosure dated August 14, 2023. The disclosure follows SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, regarding ongoing litigation updates.

Business Impact Assessment

Swastika Investmart has specifically stated that these litigation matters and tax assessments have no impact on the company's operations. The resolution of the Section 143(3) matter eliminates a significant contingent liability, while the company continues to contest the remaining demand through appropriate legal channels.

The favorable tribunal order demonstrates the company's successful defense of its tax position for FY 2014-15, providing clarity on a matter that had been under dispute for several years.