Disclosure of material issue

MEGASTAR FOODS LIMITED CIN: L15311CH2011PLC033393 Regd. Off: Plot No. 807, Industrial Area, Phase-II Chandigarh-160102; Telephone: +91 172 2653807, 5005024 Works: Kurali-Ropar Road, Village Solkhian-140108 Distt. Roopnagar, Punjab Telephone: +91 1881 240403-240406 Website: www.megastarfoods.com; Email: cs@megastarfoods.com MFL/CS/2026-27/28 Date: 01.09.2026 The General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, C-1, Block-G BSE Limited Bandra-Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Bandra (E), Mumbai-400051 Dalal Street, Mumbai -400001 Scrip code: 541352 Symbol: MEGASTAR Series: Eq. Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, This has reference to our earlier disclosures dated January 28, 2025, April 18, 2025, and June 29, 2026 filed in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), pertaining to Order-in-Appeal No. LUD-GST-001-APP-COMM- 439-444/2026 dated August 31, 2026 passed by the Commissioner (Appeals), CGST Appeals Commissionerate, Ludhiana, whereby the demand of Rs. 1,82,82,724/- was reduced to Rs. 1,74,12,117/- after extending cum-tax benefit. Further the appeal filed by the Department against the dropping of the demand of Rs. 6,22,93,620/- is rejected both on limitation and merits. In furtherance to the aforesaid previous disclosures, we hereby submit that the Company proposes to file an appeal before the GST Appellate Tribunal against the aforesaid Order-in-Appeal dated August 31, 2026, to the extent of the demand of Rs. 1,74,12,117/- thereunder. The details of the above in terms of Regulation 30 and Clause 20 Para A of Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), read with the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as Annexure A. We request you take the above information on your records. Thanking you, Yours faithfully, For Megastar Foods Limited (HARSH SHARMA) Company Secretary & Compliance Officer M.no: A73413 Annexure A S. No. Particulars Details 1. Name of the authority Office of the Commissioner (Appeals), CGST Appeals Commissionerate, Ludhiana, GST Bhawan, F-Block, Rishi Nagar, Ludhiana 2. Nature and details of the action(s) This has reference to Order-in-Appeal No. LUD-GST-001-APP- taken or order(s) passed COMM-439-444/2026 dated August 31, 2026 by the Commissioner (Appeals), CGST Appeals Commissionerate, Ludhiana  Whereby the demand of Rs. 1,82,82,724/- along with related interest and penalty, vide Order-in-Original No. 43/GST/ADC/CGST Mohali/2024-25 dated January 24, 2025 was reduced to Rs. 1,74,12,117/- after extending cum-tax benefit, and  That the Company proposes to file an appeal before the GST Appellate Tribunal, against the Order-in-Appeal dated August 31, 2026, to the extent of the demand of Rs. 1,74,12,117/- thereunder, along with related interest and penalty.  The appeal filed by the Department against the dropping of the demand of Rs. 6,22,93,620/- is rejected both on limitation and merits. 3. Date of receipt of direction or Order-in-Appeal has been received by the Company vide email order, including any ad-interim or dated 31.08.2026 at 18.48 p.m. interim orders, or any other communication from the authority 4. Details of the violation(s)/ The Order-in-Appeal dated August 31, 2026 against the demand contravention(s) of Rs. 1,82,82,724/ as reduced to Rs. 1,74,12,117/- after cum-tax committed or alleged to be benefit. The Company proposes to file an appeal before the GST committed Appellate Tribunal against the said order. Appeal filed by the Department before the Commissioner (Appeals), Ludhiana against the vacating/dropping of the demand of Rs. 6,22,93,620/- is rejected both on limitation and merits. 5. Impact on financial, operation or There is no immediate financial or operational impact on the other activities of the listed entity, Company. The financial and operation impact of the same can be quantifiable in monetary terms to assessed only after the passing of order of GST Appellate the extent possible Tribunal.