Tirupati Sarjan Limited has submitted its mandatory compliance certificate to BSE Limited under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter and financial year ended March 31, 2026.

Regulatory Compliance Filing

The certificate was filed on April 9, 2026, and signed by Jitendrakumar Ishvarlal Patel, Managing Director of Tirupati Sarjan Limited. The submission fulfills the company's regulatory obligations under SEBI's depositories and participants regulations.

Certificate Details

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated March 31, 2026. The certificate confirms that no securities were received from depository participants for dematerialization during the reporting period from December 31, 2025 to March 31, 2026.

Key Compliance Confirmations

The certificate provides the following confirmations:

• No securities were received from depository participants for dematerialization up to March 31, 2026
• No certificates were mutilated and cancelled during the period
• No substitution of depositories' names in the register of members occurred
• Full compliance with the 15-day timeline requirement for processing securities

Regulatory Framework

This filing aligns with SEBI circulars NSDL/CIR/II/5/2019 and CDSL/OPS/RTA/POLICY/2019/14, both dated January 25, 2019, along with SEBI letter reference MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019. These regulations ensure transparency and proper record-keeping in share transfer and dematerialization processes for listed companies.

Tirupati Sarjan Limited has provided detailed clarification to BSE regarding the delayed disclosure of income tax demand notices worth ₹19.89 crore. The company submitted its comprehensive response on April 7, 2026, addressing BSE's discrepancy remark about the material event not being disclosed within the mandatory 24-hour timeline under Regulation 30 of SEBI (LODR) Regulations, 2015.

Disclosure Delay Explanation

The company explained that the income tax demand notices received between March 26-30, 2026, were sent to the email address tirupatisarjanltd@gmail.com , which is operated by multiple employees in the Accounts Department. The notices inadvertently escaped the attention of the Accounts Manager, who was occupied with financial year-end closing activities during that period. The company emphasized that weekends and a public holiday (Mahavir Jayanti) occurred during the period, contributing to the delayed response.

Income Tax Demand Details

The original disclosure revealed four separate demand notices from the Assistant Commissioner of Income Tax, Gandhinagar Circle, under section 156 of the Income-Tax Act, 1961. The notices were issued by Vinayak Baburao Parate, Assistant Commissioner of Income Tax, Gandhinagar Circle.

Company's Position and Next Steps

Tirupati Sarjan Limited emphasized that the delay was without any malafide or wilful intention on the part of the company or its directors. Managing Director Jitendrakumar Ishvarlal Patel (DIN: 00262902) signed the clarification response, reiterating the company's commitment to regulatory compliance. Based on the merits of each matter, the company is in the process of preferring appeals before the Appellate Authority or exploring other legal options against the demand notices.

Regulatory Compliance Framework

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has provided detailed annexures containing complete information about each demand notice as required under the amended regulations. According to the notices, the company has 30 days from service to pay the demanded amounts or file appeals with CIT (A), Gandhinagar within thirty days of receipt.