NSEGeneral Updates1d ago · 17 Sept 2026, 05:22 pm

General Updates

Bhansali Engineering Polymers Limited · BEPL

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Bhansali Engineering Polymers Limited has received a penalty order from the National Faceless Assessment Centre (NFAC) for Rs 79.66 lakhs for claiming deductions relating to Research & Development expenses & Other Expenditure for AY 2018-19. The order is appealable and the company is evaluating the merits of the matter.

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Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Order passed by National Faceless Assessment Centre (NFAC)

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BEPL_17092026172133_finalsigned.pdf

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C&-022-MS An ISO 9001 : 2015 Company bHANsAli ENGiNEERiNG polyMERs liMiTEd CIN: L27100MH1984PLC032637 Registered Office: 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai -400 058. Tel. : (91-22) 2621 6060/61/62/63/64 •E-mail: abstron@bhansaliabs.com •Website: www.bhansaliabs.com BEPL/SEC/2026/291 17th September, 2026 To To The BSE Limited The National Stock Exchange of India Ltd. Corporate Relationship Dept. Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 001 Mumbai - 400 051. Security Code: 500052 Security Code: BEPL Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir / Madam, Pursuant to Regulation 30 read with Schedule III and other applicable Regulations of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby submit the disclosure regarding order passed by the Income Tax Department. Further, the information as required under SEBI Circular SEBl/HO/CFD/CFD-PoD l/ P/CIR/2023/ 123 dated July 13, 2023 is enclosed in the 'Annexure A'. You are requested to take the same on record. Thanking you, Yours faithfully, For Bhansali Engineering Polymers Limited Ashwin M. Patel Company Secretary & GM (Legal) Encl: as above Satnoor Plant : Bhansali Nagar, Taluka -Sausar, Dist. Chhindwara, Madhya Pradesh -480 108. Tel. : (07165) 226376/77/78/79 •E-mail: beplchw@bhansaliabs.com Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) -307 026. Tel. : (02974) 226781/82/83/84 •E-mail: beplabr@bhansaliabs.com CB-OZZ·MS An ISO 9001 : 2015 Company ENqiNEERiNq polyMERS liMiTEd b~ANSAli CIN : L27100MH1984PLC032637 Registered Office: 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai -400 058. Tel. : (91-22) 2621 6060/61/62/63/64 • E-mail: abstron@bhansaliabs.com •Website: www.bhansaliabs.com ANNEXURE-A Information as required under Regulation 30 - Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular SEBl/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023. Sr No Particular Details 1 Name of the authority National Faceless Assessment Centre (NFAC), Income Tax Department 2 Nature and details of the action(s) Penalty Order u/s 270 A of the Income taken, initiated or order(s) passed; Tax Act, 1961 for AY 2018-19 for claiming deductions relating to Research & Development expenses & Other Expenditure. The penalty demand arising out of the above deductions claimed amounts to Rs 79.66 lakhs. 3 Date of receipt of direction or order 16th September, 2026. including any ad-interim or interim orders, or any other communication from the authority; 4 Details of the violation(s)/ Refer Sr. No. 2 above. contravention(s) committed or alleged to be committed; 5 Impact on Financial, Operation or The order doesn't have any material other activities of the listed entity, impact on the financial position, quantifiable in monetary terms to operations or other activities of the the extent possible. Company. The order is appealable and the Company is in the process of evaluating the merits of the matter and will exercise its right to file an appeal before the Hon'ble CIT Appeals, NFAC within the prescribed timelines. Satnoor Plant : Bhansali Nagar, Taluka -Sausar, Dist. Chhindwara, Madhya Pradesh -480 108. Tel. : (07165) 226376/77/78/79 •E-mail: beplchw@bhansaliabs.com Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) -307 026. Tel. : (02974) 226781/82/83/84 •E-mail: beplabr@bhansaliabs.com