NSEGeneral Updates4d ago · 18 Sept 2026, 03:25 pm

General Updates

Kaveri Seed Company Limited · KSCL

✦ AI SummaryRegulatory

Kaveri Seed Company Limited has received a notice of hearing from the Income Tax Appellate Tribunal, Hyderabad Benches, regarding an appeal filed by the Income Tax Department against the order passed by the Hon'ble Commissioner of Income Tax (Appeals) for the Assessment Year 2022-23. The matter is scheduled for hearing on 15th October 2026.

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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact1/10
Market Sentiment4/10

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Kaveri Seed Company Limited has informed the Exchange about General Updates on the Company has received a Notice of Hearing in Appeal No.ITA2422/Hyd/2026 filed by the Income Tax Department before the Income Tax Appellate Tribunal, Hyderabad Benches against the order passed by the Hon'ble Commissioner of Income Tax (Appeals) for the Assessment Year 2022-23.

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KSCL_18092026152413_ITNoticedtd18092026.pdf

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keveni seed company limiEed 18ft September 2026 To koveri seedf National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5ft Floor, 1st Floor, New Trading Ring, Plot No.C /1, G Block, Rotimda Building, Bandra Kurla Complex, Bandra (E), P.J. Towers, Dalal Street, Mumbai-400 051 Mumbai - 400 001 Scrip Code: KSCL Scrip Code: 532899 Dear Sir/Madam, Sub:- Intimation of Receipt of Notice of Hearing from the Income Tax Appellate Tribunal, Hyderabad Benches - Regulation 30 of SEBI (LODR) Regulations, 2015 - reg. pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has received a Noiice of Hearin[ i" eppeal No. rTA2422/Hyd/2026 filed by the Income Tax Department befori the Income Tax Appellate Tribunal (ITAT), Hyderabad, against the order passed by the Hon'ble Commissioner of Income Tax (Appeals) for the Assessment year 20;22-23. The matter is scheduled for hearing on 15ft october 2026. As previously disclosed, the Income Tax Authorities raised demand of for the Assessment Year 2022'23 primarily on account of Rs.56,21.,17,500/- disallowance of exemption claimed by the Company on agricultural income' Subsequently, the Hon'Lle Commissioner of Income Tax (Appeals), vide order dated 7th April 2026, allowed the Company's and held the said income to be -claim. Agricultural Income thereby deleting the aforesaid demand. This disclosure is in continuation of the Company's earlier intimations dated 08ft April 2026 regarding receipt of the Demand Notice and receipt of the Appellate Order, respectivelY. The Company is evaluating the notice and shall take all necessary steps to defend the mattei before the Hon'ble Tribunal' The details as required under the sEBI Circular are enclosed as Annexure Kindly take the same on record' Thanking you, Yours faithfullY, KAVERI SEED COMPANY LIMITED SECt,ltDERABAD V.SREELATHA COMPANY SECRETARY & COMPLIANCE OFFICER Encl: af a. Regd. Office #1-7-36 to 42, Sardar Patel Road, Secunderabad-500003, Telangana, lndia Tel : +91 -40-2784 2398, 2784 2405 Fax : +91 -40-2781 1237 e-mail : info @ kaveriseeds.in CIN : 101 120TG1986P1C006728 www kaveniseeds in kaveni aeed company limiEed Continuation Sheet Annexure Disclosure by Kaveri Seed Company Limited regarding receipt of communication from regulatory, stafutory, enforcement or judicial authority under the securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Particulars Details 1 Name of the listed Company Kaveri Seed Com Limited 2. Name of the authoritY Income Tax Appellate Tribunal, H derabad Benches Nature and details of the Receipt of Notice of Hearing in Appeal action(s) takery initiated or No. lTA2422/Hyd/2026 dated 18th order(s) passed September 2026 filed by the Income Tax Department against the order of the Commissioner of Income Tax (Appeals) lor 2022-23. 4 Date of receipt of direction or order, including anY ad- interim or interim orders, or 18ft September 2026 (date of receipt of any other communication Notice) from the authori Details of the The appeal pertains to the Tax demand violation(s) / contravention(s) raised by the Income Tax Department committed or alleged to be primarily on account of disallowance of committed exemption claimed on agricultural income for 2022-23. Impact on financial, The tax demand involved in the matter is operation or other activities Rs.56,21,,17,500/-. The Commissioner of of the listed entitY, Income Tax (Appeals) had allowed the quantifiable in monetary Company's claim and deleted the demand. terms to the extent Possible The matter is now under Appeal before the ITAT by the Income Tax Department. The Company believes it has a strong case on merits and does not exPect any material adverse im t at this s SECUI{DERISAD