Action(s) initiated or orders passed

Date: September 3, 2026 BSE Ltd. National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Mumbai – 400 001. Bandra Kurla Complex, Scrip Code: 544732 Bandra (E), Mumbai – 400051 NSE Symbol – INNOVISION Subject: Intimation under Regulation 30 read with Para A(19)(a) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Search conducted by Directorate of Enforcement Dear Sir/Madam, This is to apprise you that the company had filed a W.P.(C) No. 12339/2025 before the Hon’ble Delhi High Court challenging the Debarment Order dated 25.07.2025 issued by NHAI. The Hon'ble High Court, vide order dated 12 September 2025 in W.P.(C) No. 12339/2025, had stayed the operation of the impugned NHAI debarment order at the interim stage, subject to the final outcome of the writ petition. Further in the connected matters the Hon’ble Delhi HC has ordered in favour of the petitioners setting aside the impugned debarment orders. NHAI in its written note in Paragraph 16, on Arguments in the matter titled Innovision Ltd vs NHAI has candidly admitted that this Hon’ble Court has quashed such debarment orders in the said batch matters. The company is therefore expected to obtain the same ruling in its matter as well. Now, we wish to inform you that in this connection the Directorate of Enforcement (“ED”), Lucknow Zonal Office, conducted searches at: (i) the office premises of the Company situated at Gurugram, Haryana; and (ii) the residential premises of Shri Randeep Hundal, Chairman and Managing Director of the Company, situated at Gurugram, Haryana. 1. Search at the Company's Office The search at the Company's office was conducted pursuant to Search Warrant No. 28/2026 dated 01 September 2026, issued under Section 17 of the Prevention of Money Laundering Act, 2002 (“PMLA”). The search commenced at approximately 07:30 A.M. on 02 September 2026 and concluded at approximately 12:30 A.M. on 03 September 2026. During the search, the ED officers examined various records and electronic data available at the Company's office. Certain documents/data pertaining to the Company were copied onto a 16 GB pen drive, which was taken by the ED, as recorded in the Panchnama. The statement of the Chief Financial Officer of the Company was also recorded under Section 17(1)(f) of the PMLA. As recorded in the Panchnama, the records examined included, inter alia, documents relating to NHAI debarment proceedings, toll collection reports, NHAI contracts/Letters of Award, FIR/case records and orders of the Hon'ble High Court connected with the aforesaid matters. INNOVISION LIMITED ISO 9001: 2008 | ISO/IEC 27001: 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in 2. Search at the Residential Premises of the CMD The search at the residential premises of Shri Randeep Hundal was conducted pursuant to Authorization No. 23 of 2026 dated 01 September 2026, issued under Section 17 of the PMLA. The search commenced at approximately 07:40 A.M. on 02 September 2026 and concluded at approximately 10:20 P.M. on 02 September 2026. As recorded in the Panchnama, the search was conducted in the presence of the panch witnesses and no incriminating documents were found and seized from the said premises. The Company has extended and continues to extend its full cooperation to the authorities in connection with the proceedings. At this stage, the Company has not been informed of any final finding of violation or contravention arising from the aforesaid searches. The search proceedings at the Company's office did not result in any disruption to the normal business operations of the Company. The Company shall make appropriate disclosures to the Stock Exchanges regarding any further material developments, as may be required under applicable laws. The relevant details as required under the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 as amended is provided as Annexure – I. INNOVISION LIMITED ISO 9001: 2008 | ISO/IEC 27001: 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in Annexure – I. Particulars Details 1 Name of the authority initiating the action Directorate of Enforcement (“ED”), Lucknow Zonal Office Search conducted at the Company's office premises pursuant to Search Warrant No. 28/2026 dated 01 September 2026 under Section 17 of the PMLA. During the search, the ED officers examined various records and electronic data available at the Company's office. Certain documents/data pertaining to the Company were copied onto a 16 GB pen drive, which was taken by the ED, as recorded in the Panchnama. The statement of the Chief Financial Officer of the Company was also recorded under Section 17(1)(f) of the PMLA. As recorded in the Panchnama, the records examined included, Nature and details of the action(s) taken, inter alia, documents relating to NHAI debarment proceedings, initiated or orders passed toll collection reports, NHAI contracts/Letters of Award, FIR/case records and orders of the Hon'ble High Court connected with the aforesaid matters. Statement of the CFO was recorded under Section 17(1)(f) of the PMLA. A search was also conducted at the residential premises of Shri Randeep Hundal, Chairman and Managing Director of the Company, pursuant to Authorization No. 23 of 2026 dated 01 September 2026 under Section 17 of the PMLA. As recorded in the Panchnama, no incriminating documents were found and seized from the said residential premises. The Company became aware of the search proceedings upon Date of receipt of communication from the commencement of the search on 02 September 2026. No authority separate communication containing any finding of violation or contravention has been received by the Company as on date. No final finding of violation or contravention has been Details of the violation(s)/contravention(s) 4 communicated to the Company pursuant to the aforesaid committed or alleged to be committed searches. Impact on financial, operational or other The search proceedings did not cause any disruption to the 5 activities of the Company, quantifiable in normal business operations of the Company. monetary terms to the extent possible The records examined during the search included documents relating to certain NHAI toll-plaza/debarment matters and connected proceedings before the Hon'ble High Court of Delhi. Details of any litigation, etc. connected with 6 The Hon'ble High Court, vide order dated 12 September 2025 the above action in W.P.(C) No. 12339/2025, had stayed the operation of the impugned NHAI debarment order at the interim stage, subject to the final outcome of the writ petition. 7 In case of financial impact, amount involved Not ascertainable at this stage. INNOVISION LIMITED ISO 9001: 2008 | ISO/IEC 27001: 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in Particulars Details or expected financial impact Company's office: 07:30 A.M. on 02 September 2026 to Time of commencement and conclusion of the approximately 12:30 P.M. on 03 September 2026. CMD's action r [Showing first 8,000 characters — download PDF for full document]