5317682026-06-165317682026-06-16ActionsTakenOrOrdersPassedDomain15317682026-06-16ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15317682026-06-16SignatoriesDomain1iso4217:INRxbrli:purePOLYMEDPOLY MEDICURE LIMITED531768NAINE205C01021NewAction(s) taken or orders passed (sub-para 20)false2026-06-1517:38:002026-06-16Imposition of fine or penaltyJudicial BodyOffice of Divisional Commissioner, Government of the NCT of Delhi, Revenue Department: Stamp & Registration Branch, through the Collector of Stamps1Listed Entity (Self)POLY MEDICURE LIMITEDOffice of Divisional Commissioner, Government of NCT of Delhi, Revenue Department: Stamp & Registration Branch, through the Additional District Magistrate, HQ/COS, Revenue Department (Collector of Stamp) (“the Authority”)Proceedings were initiated by the Authority under the provisions of the Indian Stamp Act, 1899 as applicable to the National Capital Territory of Delhi for determination of stamp duty payable in relation to issuance/allotment of certain shares by the Company. In this regard, the Company received two Show Cause Notices dated February 18, 2026 and March 17, 2026 from the Authority in relation to the allotment of shares made on November 1, 2021 and August 4, 2022, respectively. The Company responded to the Show Cause Notices and, inter-alia, contended that it had duly discharged the applicable stamp duty in respect of the subject share allotments and that the proceedings initiated by the Authority under Article 19 of Schedule IA to the Indian Stamp Act, 1899 (as applicable to the NCT of Delhi) were not maintainable in view of Sections 9A(2) and 9A(3) of the Indian Stamp Act, 1899. Pursuant to the proceedings, an order dated June 15, 2026 has been passed by the Authority adjudging the Company liable to pay alleged deficit stamp duty of Rs. 1,00,25,820/- (Rupees One crore twenty-five thousand eight hundred and twenty only) along with penalty of Rs. 1,50,00,000/- (Rupees One crore fifty Lakh only). Pertinently, the Show Cause Notices issued to the Company pertain only to the allotment of shares on November 1, 2021 and August 4, 2022. However, the Order proceeds to determine and levy alleged deficit stamp duty and penalty in relation to share allotments purportedly made on August 2, 2022, January 31, 2024, March 8, 2024 and August 5, 2024. The Company is taking appropriate legal advice to defend the matter, as it believes that it has good grounds to challenge and contest the demand raised by the authorities. Accordingly, the Company is in the process of pursuing appropriate legal remedies challenging the Order.2026-06-15The Authority has alleged that stamp duty was payable on the issuance/allotment of the subject shares under Article 19 of Schedule IA to the Indian Stamp Act, 1899 (as applicable to the NCT of Delhi) and has further taken the position that payment of stamp duty through depositories such as NSDL/CDSL at the applicable rate prevailing at the time of allotment does not discharge the Company’s alleged statutory liability under the law applicable in NCT of Delhi. The Company had duly discharged the applicable stamp duty in respect of the subject share allotments and that the proceedings initiated by the Authority under Article 19 of Schedule IA to the Indian Stamp Act, 1899 (as applicable to the NCT of Delhi) were not maintainable in view of Sections 9A(2) and 9A(3) of the Indian Stamp Act, 1899. The matter involves interpretation of the provisions of the Indian Stamp Act, 1899, including Section 9A thereof.NOT APPLICABLEThe Company does not expect any material impact on its financials, operations or other activities arising from the said order. The Company is in the process of pursuing appropriate legal remedies challenging the Order.Not Applicable.25025830Not Applicable.NOT APPLICABLEThe Company is in the process of pursuing appropriate legal remedies challenging the Order.NILAVINASH CHANDRACOMPANY SECRETARY & COMPLIANCE OFFICER2026-06-16NEW DELHI