NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company15h ago · 25 Sept 2026, 08:14 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

HCL Infosystems Limited · HCL-INSYS

✦ AI SummaryLitigation

HCL Infosystems Limited has informed the Exchange about the status update on a pending litigation regarding a tax demand of ₹ 80.22 Lakhs under Section 74(1) of the CGST Act, 2017. The Additional Commissioner, CGST (Appeals), Noida has partially allowed the Department's appeal and imposed a penalty of ₹ 80.22 Lakhs on the Company.

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Earnings Impact3/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact5/10
Market Sentiment4/10

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HCL Infosystems Limited has informed the Exchange about status update on Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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HCL-INSYS1_25092026201330_Intimation-HCLI.pdf

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25th September 2026 Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, C-1, G-Block, Bandra - Kurla Complex Mumbai-400001 Bandra (E), Mumbai – 400051 Symbol:500179 Symbol: HCL-INSYS Subject: Intimation under Regulation 30 read with Para B of Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding receipt of Order-in-Appeal dated September 15th,2026 from Additional Commissioner, CGST (Appeals), Noida which was received by the Company on 24 September 2026. Ref: Disclosure filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 dated February 05th, 2025 and June 04th, 2025 for Order-in-Original and its rectification received from CGST, Noida Dear Sir/Madam, Pursuant to Regulation 30 read with Para B of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Additional Commissioner, CGST (Appeals), Noida, has passed an Order-in-Appeal dated 15 September 2026, which was received by the Company on 24 September 2026. The adjudicating authority vide Order-in-Original dated 01 February 2025 had confirmed a tax demand of ₹ 80.22 Lakhs under Section 74(1) of the CGST Act, 2017 on account of disallowance of CENVAT Credit availed for various Cesses in the pre-GST regime, while dropping the proposals relating to interest and penalty. The Department had preferred an appeal against the said Order-in-Original, challenging the dropping of interest and penalty. The Additional Commissioner, CGST (Appeals), Noida Vide Order-in-Appeal dated 15 September 2026 has partially allowed the Department's appeal and modified the Order-in-Original by imposing a penalty of ₹ 80.22 Lakhs on the Company under Section 74(1) of the CGST Act, 2017. The Company is evaluating the Order-in-Appeal and is considering the available legal remedies in accordance with law. The details of the aforesaid Order-in-Appeal, as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023 and latest SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, are enclosed herewith as Annexure-A. This is for your information and records. For and on behalf of: HCL Infosystems Limited Twinkle Monga Company Secretary & Compliance Officer Membership No: 54882 Annexure-A Brief details of litigation viz. name(s) of the Petitioner: The Assistant Commissioner, Central opposing party, court/ tribunal/agency where GST, Division-I Noida litigation is filed, brief details of Respondent: HCL Infosystems Limited dispute/litigation. Appeal filed before: Additional Commissioner, CGST (Appeals), Noida Issue Involved: Applicability of interest and penalty on tax demand Expected financial implications, if any, due to Imposition of penalty of ₹ 80.22 Lakhs under Section compensation, penalty etc. 74(1) of the CGST Act, 2017 Quantum of claims Penalty of ₹ 80.22 Lakhs Additional Commissioner, CGST (Appeals), Noida, has passed an Order-in-Appeal dated 15 September 2026 Details of any change in the status and / or any which was received by the Company on 24 September development in relation to such proceedings 2026 and has partially allowed the Department's appeal by imposing a penalty of ₹ 80.22 Lakhs on the Company.