Integrated Filing-Governance



General information about company

Scrip Code 500575
NSE Symbol VOLTAS
MSEI Symbol NOTLISTED
ISIN INE226A01021
Name of the entity VOLTAS LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity As there is no reporting under this head for the quarter ended 31st March 2026 , the option 'NO' available in the dropdown has been selected.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity Not Applicable as the Company has issued guarantee/comfort letter/provided security in connection with credit facilities availed by its subsidiaries / joint ventures, whose accounts are consolidated with the Accounts of the Company.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID v00163
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory Mr. Mukundan C P Menon was Executive Director and Head - Room Air Conditioner Business from 10th July, 2023 upto 31st August, 2025. He is the Managing Director of the Company with effect from 1 September, 2025.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Noel Naval Tata 00024713 Non-Executive - Non Independent Director Chairperson 12-Nov-1956 No Active NA 27-Jan-2003 08-Jul-2025 5 0 2 1
2 Mr. Mukundan C P Menon 09177076 Executive Director Not Applicable MD 25-May-1962 No Active NA 10-Jul-2023 01-Sep-2025 1 0 1 0
3 Mr. Vinayak Kashinath Deshpande 00036827 Non-Executive - Non Independent Director Not Applicable 21-Jul-1957 No Active NA 14-Feb-2012 10-Jul-2024 3 2 7 3
4 Mr. Saurabh Mahesh Agrawal 02144558 Non-Executive - Non Independent Director Not Applicable 13-Aug-1969 No Active NA 21-Jan-2021 08-Jul-2025 4 0 2 0
5 Mr. Arun Kumar Adhikari 00591057 Non-Executive - Independent Director Not Applicable 20-Jan-1954 No Active NA 08-Jun-2017 08-Jun-2022 105.23 5 5 8 1
6 Mr. Jayesh Tulsidas Merchant 00555052 Non-Executive - Independent Director Not Applicable 27-Nov-1957 No Active NA 30-Jan-2024 30-Jan-2024 26.02 4 4 5 4
7 Mr. Aditya Sehgal 09693332 Non-Executive - Independent Director Not Applicable 01-Jul-1971 No Active NA 30-Aug-2024 30-Aug-2024 19.02 2 2 2 0
8 Mr. Pheroz Naswanjee Pudumjee 00019602 Non-Executive - Independent Director Not Applicable 23-Feb-1962 No Active NA 30-Aug-2024 30-Aug-2024 19.02 2 1 3 1
9 Ms. Sonia Singh 07108778 Non-Executive - Independent Director Not Applicable 05-Sep-1964 No Active NA 07-Mar-2025 07-Mar-2025 12.25 5 5 5 2



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory Appointed as a Chairman of Board Audit Committee with effect from 9th August, 2024...1. The Company also has Property Committee, composition of the same is as follows: Sr. No. DIN Name of the Members Name of other committee Category 1 Category 2 1 00024713 Noel Naval Tata Property Committee Non Executive, Chairperson Non Independent Director 2 00036827 Vinayak Kashinath Property Committee Non Executive, Member Deshpande Non Independent Director 3 09177076 Mukundan C P Menon Property Committee Executive Director-MD Member 4 00000000 K. V. Sridhar Property Committee Member Member Mr. K. V. Sridhar's DIN has been kept as 00000000 as he is not a part of Board of Directors. He is the CFO of the Company. 2. The Company's Stakeholders Relationship Committee is titled as Shareholder Relationship Committee.



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00555052 Jayesh Tulsidas Merchant Non-Executive - Independent Director Chairperson 30-Jan-2024 Textual Information(1)
2 00591057 Arun Kumar Adhikari Non-Executive - Independent Director Member 06-Nov-2018
3 09693332 Aditya Sehgal Non-Executive - Independent Director Member 01-Sep-2024



Text Block
Textual Information(1) Appointed as a Chairman of Board Audit Committee with effect from 9th August, 2024.



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00019602 Pheroz Naswanjee Pudumjee Non-Executive - Independent Director Chairperson 01-Sep-2024 Textual Information(1)
2 00024713 Noel Naval Tata Non-Executive - Non Independent Director Member 28-Apr-2014
3 07108778 Sonia Singh Non-Executive - Independent Director Member 07-Mar-2025

Text Block
Textual Information(1) Appointed as a Chairman of Nomination and Remuneration Committee with effect from 7th March, 2025.






Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00024713 Noel Naval Tata Non-Executive - Non Independent Director Chairperson 27-Oct-2005
2 00019602 Pheroz Naswanjee Pudumjee Non-Executive - Independent Director Member 01-Sep-2024
3 09177076 Mukundan C P Menon Executive Director Member 01-Sep-2025



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00555052 Jayesh Tulsidas Merchant ID Chairperson 30-Jan-2024 Textual Information(1)
2 00591057 Arun Kumar Adhikari ID Member 06-Nov-2018
3 09693332 Aditya Sehgal ID Member 01-Sep-2024



Text Block
Textual Information(1) Appointed as a Chairman of Risk Management Committee with effect from 9th August, 2024.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 13-Nov-2025 Yes 9 9 5
2 29-Jan-2026 76 Yes 9 8 5



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory The Company's Stakeholders Relationship Committee is titled as Shareholder Relationship Committee.
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 12-Nov-2025 Yes 3 3 3 0
2 Audit Committee 12-Jan-2026 60 Yes 3 3 3 0
3 Audit Committee 28-Jan-2026 15 Yes 3 3 3 0
4 Audit Committee 12-Mar-2026 42 Yes 3 3 3 0
5 Nomination and remuneration committee 12-Nov-2025 Yes 3 3 2 0
6 Risk Management Committee 07-Oct-2025 Yes 3 3 3 0
7 Risk Management Committee 12-Jan-2026 96 Yes 3 3 3 0
8 Stakeholders Relationship Committee 29-Jan-2026 Yes 3 3 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Ratnesh Rukhariyar
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/business-details
1.2 Memorandum of Association and Articles of Association Yes https://www.voltas.in/storage/_ansel_image_collector/Voltas_MOA_AOA.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.voltas.in/about/leadership
2 Terms and conditions of appointment of independent directors Yes https://www.voltas.in/storage/_ansel_image_collector/Terms_of_IDs_10032025.pdf
3 Composition of various committees of board of directors Yes https://www.voltas.in/storage/_ansel_image_collector/Website_Composition_of_Board_Committees_01092026.pdf
4 Code of conduct of board of directors and senior management personnel Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/code-of-conduct
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.voltas.in/storage/corporate-governance/Whistle_Blower_Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://www.voltas.in/storage/_ansel_image_collector/DISCLOSURE_OF_REMUNERATION_POLICY_FOR_DIRECTORS.pdf
7 Policy on dealing with related party transactions Yes https://www.voltas.in/storage/Investor/schedule-announcements/download/RPT-Policy-8.08.2025.pdf
8 Policy for determining material subsidiaries Yes https://www.voltas.in/storage/_ansel_image_collector/DETERMINING_MATERIAL_SUBSIDIARY_POLICY_1.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.voltas.in/storage/_ansel_image_collector/FAMILIARIZATION_PROGRAMME_FOR_INDEPENDENT_DIRECTORS_1.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/contact-for-investor-grievances
11 Email address for grievance redressal and other relevant details Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/email-address-for-grievance-redressal
12 Financial results Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/financial-information
13 Shareholding pattern Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/shareholding-pattern
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/schedule-of-analysts-or-institutional-investors-meet
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/schedule-of-analysts-or-institutional-investors-meet
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/items-published-in-the-newspaper
18 Credit rating or revision in credit rating obtained Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/credit-ratings
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/audited-financials-of-subsidiaries
20 Secretarial compliance report Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/secretarial-compliance-report
21 Materiality policy as per regulation 30 (4) Yes https://www.voltas.in/storage/_ansel_image_collector/VoltasPolicy-clean_10032025.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.voltas.in/images/Investor/schedule-announcements/download/02SELetter-Appointmentsigned_17042025.pdf?_gl=1*117pvsx*_ga*MTE3NjA5OTU3NS4xNzczNDAxNjU2*_ga_NSH1D0Y6J5*czE3NzYyMjU5NTIkbzUkZzEkdDE3NzYyMzEzODYkajU5JGwwJGgw
23 Disclosures under regulation 30(8) Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/disclosure-to-stock-exchanges-under-regulation-30-of-lodr
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.voltas.in/storage/_ansel_image_collector/DIVIDEND_DISTRIBUTION_POLICY_1.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr/annual-return
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.voltas.in/investors/disclosure-under-regulation-46-lodr
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) NA
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) Yes
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory Ratnesh Rukhariyar
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Ratnesh Rukhariyar
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 28-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 6
No. of investor complaints received during the Quarter 18
No. of investor complaints disposed off during the Quarter 17
No. of investor complaints those remaining unresolved at the end of the Quarter 7


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Office of the Deputy Commissioner of State Tax, Enforcement, Division - 7, Surat Office of the Deputy Commissioner of State Tax, Enforcement, Division - 7, Surat, had by an order dated 20th January, 2026 raised demand of fine and penalty of ₹ 8,34,886 under section section 130 of The Gujarat Goods and Service Tax Act read with the corresponding section 130 of the Central Goods and Service Tax Act / Section 21 of the Union Territory Goods and Service Tax Act or Under section 20 of the Integrated Goods and Service Tax Act alleging movement of goods without valid documents like tax invoice, credit note, any return challan and non generation of E way bill. 20-Jan-2026 Demand of fine and penalty of ₹ 8,34,886 under section 130 of The Gujarat Goods and Service Tax Act read with the corresponding section 130 of the Central Goods and Service Tax Act / Section 21 of the Union Territory Goods and Service Tax Act or Under section 20 of the Integrated Goods and Service Tax Act. There is no material impact on financials, operations or other activities of the Company. The Company is in the process of filing an appeal against the said Order.


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Commissioner of Central Excise, Customs and Service Tax Appeals, Cochin 25-Jun-2014 The matter pertains to a service tax demand of ₹22,64,694/- (along with an equivalent penalty) raised by Commissioner of Central Excise, Customs and Service Tax, Cochin alleging non-inclusion of certain charges in the taxable value and availment of certain incorrect deductions for the period from July 2003 to December 2005. This was pending in appeal (filed by the Company) before Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore and the same was reported to the Stock Exchanges vide its letter dated 14th August, 2023 along with other pending material litigations / disputes in line with the requirements of Regulation 30 of the LODR Regulations, 2015 read with Schedule III and relevant SEBI Circular thereunder. Based on the Order of CESTAT received by the Company during the quarter, the matter has been decided in favor of the Company, and the service tax demand and penalty thereof has been dropped.
2 Customs, Excise & Service Tax Appellate Tribunal West Zonal Bench at Ahemdabad 21-Jan-2013 The matter pertains to an excise demand of ₹1,59,228/- along with an equivalent penalty raised by Commissioner of Central Excise, Customs Adjudication – Vapi alleging wrongful availment of Cenvat Credit by Universal Comfort Products Limited (UCPL) which got merged with the Company during the financial year 2020-21. This was pending in appeal (filed by the Company) before Custom, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad and the same was reported to the Stock Exchanges vide its letter dated 14th August, 2023 along with other pending material litigations / disputes in line with the requirements of Regulation 30 of the LODR Regulations, 2015 read with Schedule III and relevant SEBI Circular thereunder. Based on the Order of CESTAT received by the Company during the quarter, the matter has been decided in favor of the Company, and the excise demand and penalty thereof has been dropped.