Voltas Ltd. — Regulatory Filings 2025

Jan 11, 2025

11[th] January 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

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 10[th] January, 2025 an Order from the Office of the Commercial Tax Officer (ST), Pondy Bazaar Central-III, Chennai Central, Chennai, Tamil Nadu, demanding tax of Rs. 6.59 crores, interest of Rs.5.62 crores and penalty of Rs. 0.66 crore under Section 73 of the Central Goods and Services Tax Act, 2017 and Tamil Nadu Goods and Services Tax Act, 2017 for excess input tax credit availed in 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 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,

For Voltas Limited

RATNESH Digitally signed by RATNESH PRASAD PRASAD RUKHARIYAR RUKHARIYAR Date: 2025.01.11 15:10:01 +05'30' Ratnesh Rukhariyar Company Secretary and Compliance Officer

Encl.: a/a

ANNEXURE

Sr. No.	Particulars	Details
1.	Name of the Authority	Commercial Tax Officer (ST), Pondy Bazaar Central-III, Chennai Central, Chennai,TamilNadu
2.	Nature and details of the action(s) taken, initiated or order(s) passed.	By an Order dated 10thJanuary 2025 passed under Section 73 of the Central Goods and Services Tax Act, 2017 and Tamil Nadu Goods and Services Tax Act, 2017 for financial year 2020-21, a demand has been raised towards tax of Rs. 6,59,16,626/-, interest of Rs. 5,62,18,812/- and penalty of Rs. 65,91,662/- has been imposed, for excess input tax credit availed. The Company is in the process of filing an appeal against the saidOrder.
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 10thJanuary, 2025 at 6.34. p.m.
4.	Details of the violation(s)/ contravention(s) committed or alleged to be committed.	Penalty of Rs. 65,91,662/- has been imposed for excess input tax credit availed.
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.