Action(s) initiated or orders passed

PPFL/SE/2026-2027/037 September 30, 2026 BSE Limited National Stock Exchange of India Limited 25th Floor, P.J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 542907 Scrip Symbol: PRINCEPIPE Dear Sir/Madam, Sub: Intimation under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Ma’am, With reference to the captioned subject, this is to inform you that the Company has received a Show Cause cum Demand Notice in Form GST DRC-01 dated September 29, 2026 from Office of The Commercial Tax Officer, State Goods & Service taxes Department, Government of Karnataka, under Section 73 of the CGST/KGST Act, 2017 and rules framed thereunder for the financial year 2022-23. The details of the above Notice, as required under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, are enclosed herewith as an Annexure. The above information will also be made available on the Company’s website at www.princepipes.com You are requested to kindly take the same on your records. For Prince Pipes and Fittings Limited Jyoti Sancheti Company Secretary & Compliance Officer FCS: 9639 Encl: As Above Corp. Off.: The Ruby, 8th Floor; 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (W), Mumbai - 400 028; Maharashtra, India. T: 022-6602 2222 F: 022-6602 2220 E: info@princepipes.com W: www.princepipes.com Regd. Off.: Survey No. 132/1/1/3, Athal road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli, India – 396235. CIN: L26932DN1987PLC005837 Printed on 100% Recycled Paper ♻ Annexure Particulars 1 Name of the authority; Office of The Commercial Tax Officer Jurisdiction: DGSTO DHARWAD, Karnataka. 2 Nature and details of the action(s) Show Cause cum Demand Notice in Form GST DRC-01 dated taken, or order(s) passed; September 29, 2026, for FY 2022-23 for an aggregate amount of ₹ 65,93,632 /- as tabled below: Act Tax Interest Total (In ₹) (In ₹) (In ₹) IGST 23,04,219 16,57,901 39,62,120 CGST 7,65,194 5,50,562 13,15,756 SGST 7,65,194 5,50,562 13,15,756 TOTAL 38,34,607 27,59,025 65,93,632 3 Date of receipt of direction or order, September 29, 2026 including any ad-interim or interim orders, or any other communication from the authority; 4 Details of the violation(s)/ Show Cause cum Demand Notice has been issued by GST contravention(s) committed or Authority u/s 73 of the CGST/KGST Act 2017 for Financial Year alleged to be committed; 2022-23 on the allegations of (1) Excess Outward Tax in E-way Bills compared to GSTR3B and (2) Excess ITC claimed in GSTR 3B which is not confirmed in GSTR 2A/2B or GSTR 9 and Excess claim of ineligible ITC u/s 17(5. 5 Impact on financial, operation or Based on Company’s assessment, the aforesaid demand is not other activities of the Company, maintainable and the Company is evaluating this matter and will quantifiable in monetary terms to submit its reply within the prescribed time limit. The Company the extent possible; did not envisage any relevant impact on financials, operations or other activities of the Company. Corp. Off.: The Ruby, 8th Floor; 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (W), Mumbai - 400 028; Maharashtra, India. T: 022-6602 2222 F: 022-6602 2220 E: info@princepipes.com W: www.princepipes.com Regd. Off.: Survey No. 132/1/1/3, Athal road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli, India – 396235. CIN: L26932DN1987PLC005837 Printed on 100% Recycled Paper ♻