5445322026-09-225445322026-09-22in-capmkt:AtTheTimeOfBecomingPartyToLitigationOrAssessmentOrAdjudicationOrArbitrationOrDisputeMember5445322026-09-22OppositePartyAsPerSubPara8OfParaBDomain1SOLARWORLDSolarworld Energy Solutions Limited544532NOTLISTEDINE0TY101024Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)At the time of becoming the party to any litigation, assessment, adjudication, arbitration or disputeNewfalse2026-09-2114:40:002026-09-22Order-in-Original: State Tax Officer/Assistant Commissioner, State Tax, Mobile Squad, Roorkee, Uttarakhand. Appeal: Joint Commissioner (Appeals), the applicable Appellate Authority under Section 107 of the CGST/UKGST Act, 2017.2026-09-21AgencyState Tax Officer, UttarakhandSubsidiaryZNSHINE SOLARWORLD PRIVATE LIMITEDOrder No. ZD0509260176084 dated September 20, 2026, passed pursuant to the Show Cause Notice dated September 17, 2026 issued under Section 129 of the CGST/UKGST Act, 2017 to ZNShine Solarworld Private Limited, a wholly-owned subsidiary of the Company, in connection with a consignment of imported Solar Cells (HSN 85414200) covered by Bill of Entry No. 3595328 dated September 5, 2026, confirming a penalty of ₹1,22,12,498/- without granting relief to the Subsidiary.The confirmed penalty of ₹1,22,12,498/- does not represent an admitted or crystallised liability and is under challenge in an appeal. Key particulars of the matter are as under: 1. Penalty confirmed vide Order dated September 20, 2026: ₹1,22,12,498/- 2. Amount admitted as payable: NIL 3. Amount under dispute (entirely penalty; no tax/cess demanded): ₹1,22,12,498/- 4. Pre-deposit amount paid with the appeal: ₹ 12,21,250 The matter is not expected to have any material impact on the financial, operational or other activities of the Company.Order No. ZD0509260176084 was passed and communicated on September 20, 2026. Being aggrieved, the Subsidiary filed an appeal dated September 21, 2026 in FORM GST APL-01 before the Joint Commissioner (Appeals), praying, inter alia, for setting aside of the Order and quashing of the penalty in its entirety, and for release of the goods/conveyance, if still detained, and consequential relief. The Subsidiary has been granted an opportunity of personal hearing to be scheduled on September 22, 2026, and the appeal is currently pending adjudication.