Voltas Ltd. — Regulatory Filings 2024

Jul 16, 2024

16[th] July, 2024

BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051

Dear Sir,

• Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)

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Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations, we hereby inform you that the Company has received an Order dated 16[th] July, 2024 from the Office of the Joint Commissioner State-Tax, Patliputra Circle, Patna Commercial Taxes Department, Bihar, demanding tax of Rs.0.59 crore, interest of Rs.0.35 crore and penalty of Rs.0.06 crore under Section 73 of Central Goods and Services Tax Act, 2017 and Bihar Goods and Services Tax Act, 2017 for the financial year 2020-21 for disallowance of input tax credit claimed by the Company. The Company is in the process of filing an appeal against the said Order. There is no material impact on the financials, operations or other activities of the Company due to this penalty.

The information as required under Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/ 123 dated 13th July 2023 is enclosed in the Annexure.

This is for your information and records.

Thanking you, Yours faithfully, VOLTAS LIMITED

VARUN Digitally signed by VARUN PRAKASH PRAKASH MALHOTRA Date: 2024.07.16 MALHOTRA 15:59:52 +05'30'

V. P. Malhotra Head – Taxation, Legal & Company Secretary Encl.

ANNEXURE

Sr. No.	Particulars	Details
1.	Name of the Authority	AssistantCommissionerStateTax,PatliputraCircle,CommercialTaxesDepartment, Bihar.
2.	Nature and details of the action(s)taken, initiated or order(s) passed.	By an Order dated 16thJuly, 2024 passedunder Section 73 of Central Goods andServices Tax Act, 2017 and Bihar Goodsand Services Tax Act, 2017 for financialyear 2020-21, raised a demand of tax ofRs.59,37,206/-, interest of Rs.35,08,888/-and penalty of Rs.5,93,720/- for excessinput tax credit availed.The Company is in the process of filing anappeal against the said Order.
3.	Date of receipt of direction or orderincluding any ad-interim or interimorders or any other communicationfrom the Authority.	Order received on 16thJuly, 2024 at1:40 p.m.
4.	Details of the violation(s)/contravention(s) committed oralleged to be committed.	Penalty of Rs.5,93,720/- has been imposeddue to disallowance of input tax creditavailed.
5.	Impact on financial, operation orother activities of the listed entity,quantifiable in monetary terms tothe extent possible.	There is no material impact on financials,operations or other activities of theCompany.