Kabra Commercial Limited has informed the Bombay Stock Exchange about receiving a final tax assessment order from the Sales Tax Officer in Gandhidham, Gujarat. The company submitted this regulatory filing on December 19, 2025, in continuation of its previous intimation dated December 18, 2025.

Assessment Details and Financial Impact

The tax assessment order pertains to the financial year 2011-12, covering the period from April 1, 2011, to March 31, 2012. The assessment was conducted under multiple tax legislations including the Central Sales Tax Act, 1956, and the Gujarat Value Added Tax Act, 2003.

Payment Timeline and Compliance Requirements

The assessment order, dated March 29, 2016, directs the company to pay the outstanding amount of ₹28.51 lakhs (Rupees twenty-eight lakhs fifty-one thousand two hundred twenty only) into the government treasury at Gandhidham. The company has been given specific deadlines for compliance:

• Payment Due Date: April 28, 2016, or within 35 days of service of notice, whichever is later
• Receipt Submission: Within 5 days from the date of payment
• Appeal Period: 60 days from the passing of the assessment order

Regulatory Framework and Penalties

The assessment has been conducted under various sections of the Gujarat Sales Tax Act, 1969, read with Section 9(2) of the Central Sales Tax Act, 1956. The order includes provisions for additional penalties if the assessed amount remains unpaid beyond the specified date. The company can file an appeal against the assessment order with the DC Appeal-II Rajkot under Section 65 of the Gujarat Sales Tax Act, 1969.

Assessment Authority

The final notice of assessment has been issued by R.R. Thoriya, Assistant Commissioner of State Tax-1, Unit-103, Gandhidham (Kutch). The assessment order follows the prescribed format under Form VII(B) as per Rule 9A of the Central Sales Tax (Gujarat) Rules, 1970.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations by informing the stock exchange about this material development that could impact its financial position.

Kabra Commercial Ltd has had multiple demat accounts frozen by India's major depositories following regulatory orders from Gujarat State Tax authorities. The freeze orders, implemented on December 11, 2025, affect the company's ability to conduct debit transactions across these accounts.

Account Freeze Details

CDSL has frozen two separate beneficial owner accounts belonging to Kabra Commercial Ltd, while NSDL has frozen an additional account. The freeze orders were executed based on instructions from the Office of the Assistant Commissioner of State Tax Unit-103, Gandhidham, Gujarat.

Regulatory Authority Details

The freeze orders originated from the Gujarat State Tax Department, specifically from the Office of the Assistant Commissioner of State Tax Unit-103, Gandhidham. The regulatory reference number for the order is ACST/U-103/STO-5/2025-26/O.W.3321/22, dated November 12, 2025.

Contact Details for Resolution:

• Contact Persons: R N Gauswami / Paras V Gojiya
• Office: Assistant Commissioner of State Tax Unit-103, Gandhidham
• Address: Plot No. 123, Sector-9, B/H. Krishna (HP) Petrol Pump, Gandhidham-Kachchh, Gujarat-370201
• Email: ac-104-ct@gujarat.gov.in , stoSunt103-gstd-rjt2@gujarat.gov.in
• Phone: 02836-225497

Impact on Trading Activities

The freeze restricts Kabra Commercial Ltd from conducting debit transactions, which means the company cannot sell or transfer securities from the affected demat accounts. However, credit transactions such as receiving securities may still be permitted. The company's registered address is listed as 2, Brabourne Road, Kolkata, West Bengal, 700001.

Next Steps for Resolution

Both CDSL and NSDL have indicated that their role is limited to implementing freeze or unfreeze orders as per regulatory instructions. For resolution of the freeze, Kabra Commercial Ltd must directly contact the Gujarat State Tax authorities mentioned above, quoting the respective freeze IDs and client IDs when communicating about the matter.

The depositories have clarified that the advisory received from regulatory authorities is confidential in nature and may contain details of other entities, hence copies of the original orders cannot be shared with the affected company.