5047412026-08-155047412026-08-15in-capmkt:AtTheTimeOfBecomingPartyToLitigationOrAssessmentOrAdjudicationOrArbitrationOrDisputeMember5047412026-08-15OppositePartyAsPerSubPara8OfParaBDomain1INDIANHUMETHE INDIAN HUME PIPE COMPANY LIMITED504741NOTLISTEDINE323C01030Pendency 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 disputeNewfalse2026-08-1418:51:002026-08-15Assessment Unit, Income Tax Department, NAFAC, Delhi.2026-08-14TribunalCommissioner of Income Tax (Appeals), NAFAC DelhiCompanyThe Indian Hume Pipe Company LimitedThe Company is in receipt of order dated 14th August 2026 passed by Commissioner of Income Tax (Appeals) under Section 250 of the Income Tax Act, 1961 for Assessment Year 2023-2024 confirming the levy penalty of Rs. 63,10,816/- imposed under section 271AAC(1) of the Income Tax Act, 1961 vide order dated 31st March 2026. The said penalty was imposed on account of addition made in the assessment order being alleged unexplained purchases amounting to Rs. 10,51,80,264/-, ignoring the pendency of quantum appeal filed by the Company before the Hon. ITAT, Mumbai. The said disallowance was originally made in the assessment order dated 25th March 2025 passed under Section 143(3) of the Act. The disallowance of the said claim was confirmed by Commissioner of Income Tax (Appeals) vide order dated 30th August 2025. Aggrieved by the said order, the Company has filed an appeal on 29/10/2025 before Hon. Income Tax Appellate Tribunal, Mumbai challenging the said disallowance. The Company’s quantum appeal before Hon. ITAT Mumbai is pending adjudication as on passing of the order by the Commissioner of Income Tax (Appeals).The Company will prefer an appeal against the said order dated 14th August 2026, before the Hon. Income Tax Appellate Tribunal (ITAT), Mumbai, challenging the penalty sustained by the Commissioner of Income tax (Appeals). The Company believes that it has adequate factual and legal grounds to reasonably substantiate its position in the matter. Accordingly, the Company expects that entire demand to subside. As such, there is no material impact on financial, operational or other activities of the Company.As per Clause A(iii) above.