Voltas Ltd. — Regulatory Filings 2025

Feb 28, 2025

28[th] February, 2025

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 Scrip Code: 500575 NSE Symbol: VOLTAS

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

Dear Sirs,

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 on 27[th] February, 2025, an Order from the Office of the Commissioner, Central GST Commissionerate, Dehradun, Uttarakhand, demanding tax of Rs. 15.32 crores and penalty of Rs. 1.53 crores under Section 73 of the Central Goods and Services Tax Act, 2017 and Uttarakhand Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017, alleging difference in tax liability (between GSTR-3B and E-Way bills) and excess input tax credit availed, in respect of the financial year 2020-21. 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 relevant SEBI Circular is enclosed in the Annexure.

This is for your information and records.

Thanking you,

Yours faithfully,

For Voltas Limited

RATNESH Digitally signed by RATNESH PRASAD PRASAD RUKHARIYAR RUKHARIYAR Date: 2025.02.28 12:16:13 +05'30'

Ratnesh Rukhariyar Company Secretary and Compliance Officer

Encl.: a/a

ANNEXURE

			Details Office of the Commissioner, Central GST Commissionerate,Dehradun,Uttarakhand By an Order dated 26thFebruary 2025 passed under Section 73 of the Central Goods and Services Tax Act, 2017 and Uttarakhand Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017, demand has been raised towards tax of Rs. 15,31,86,576/- and penalty of Rs. 1,53,18,658/- has been imposed, alleging difference in tax liability (between GSTR- 3B and E-Way bills) and excess input tax credit availed, in respect of the financial year 2020-21. The Company is in the process of filing an appeal against the said Order. Order received on 27thFebruary, 2025 at 1.10 p.m. Penalty of Rs. 1,53,18,658/- has been imposed alleging difference in tax liability (between GSTR-3B and E-Way bills) and availment of excess input tax credit. There is no material impact on the financials, operations or other activities of the Company.
	Sr. No.	Particulars	Details
	1.	Name of the Authority	Office of the Commissioner, Central GST Commissionerate,Dehradun,Uttarakhand
	2.	Nature and details of the action(s) taken, initiated or order(s) passed.	By an Order dated 26thFebruary 2025 passed under Section 73 of the Central Goods and Services Tax Act, 2017 and Uttarakhand Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017, demand has been raised towards tax of Rs. 15,31,86,576/- and penalty of Rs. 1,53,18,658/- has been imposed, alleging difference in tax liability (between GSTR- 3B and E-Way bills) and excess input tax credit availed, in respect of the financial year 2020-21. The Company is in the process of filing an appeal against the said Order.
	3.	Date of receipt of direction or order including any ad-interim or interim orders or any other communication from the Authority.	Order received on 27thFebruary, 2025 at 1.10 p.m.
	4.	Details of the violation(s)/ contravention(s) committed or alleged to be committed.	Penalty of Rs. 1,53,18,658/- has been imposed alleging difference in tax liability (between GSTR-3B and E-Way bills) and availment of excess input tax credit.
	5.	Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extentpossible	There is no material impact on the financials, operations or other activities of the Company.