BSECompany Update1d ago · 2 Oct 2026, 09:09 am

Please find enclosed.

Skipper Ltd · 538562

✦ AI Summary▼ NegativeRegulatory

Skipper Ltd disclosed a rectified show cause notice from the Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, proposing a demand of Rs. 40,95,59,214.00/- against the Company in relation to the mismatch in GSTR 1, GSTR-2A and GSTR-3B.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment3/10

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Skipper Ltd - 538562 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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SKPL/SECT/2026-27/88 Date: 2nd October, 2026 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C/1, G Block Mumbai-400 001 Bandra Kurla Complex, Bandra (E) (Scrip Code- 538562) Mumbai - 400 051 (Symbol- skipper) Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam This is with reference to our intimation dated 1st October, 2026, wherein we had informed that the Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, had issued a show cause notice u/s 73 of CGST/OGST Act, 2017 vide ref. no. ZD210926037570H dated 30th September, 2026, proposing a demand of Rs. 2,27,53,28,966/- against the Company in relation to the mismatch in GSTR 1, GSTR-2A and GSTR-3B. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘the Listing Regulations’) this is to inform that the demand proposed in the original Show Cause Notice bearing Ref. No. ZD210926037570H dated September 30, 2026 has been rectified to amount Rs. 40,95,59,214.00/- by the Assistant Commissioner vide Rectification Show Cause Notice No. MA211026001510Z dated October 1, 2026. The Demand so proposed in the rectified SCN is erroneous as per the opinion of the company and is not tenable and the Company has substantive grounds to contest the same. The following details as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, are required to be disclosed under sub-para 8 of Para B of Part A of Schedule III of the Listing Regulations: Particulars Details 1. T he details of any change in the The Assistant Commissioner Office of The State Tax status and / or any development in (GST) Bhubneshwar II, Odisha, vide its Rectification r elation to such proceedings Show Cause Notice No. MA211026001510Z dated October 1, 2026 (received by Company on 01.10.2026) has rectified the demand proposed in the original Show Cause Notice bearing Ref. No. ZD210926037570H dated September 30, 2026. The Demand so proposed in the rectified SCN is erroneous as per the opinion of the company and is not tenable and the Company has substantive grounds to contest the same. The Company does not accept the liability proposed therein. Accordingly, the demand does not represent an ascertained liability or an expected financial outflow for the Company. 2. I n the case of litigation against key Not Applicable management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such p roceedings 3. I n the event of settlement of the proceedings, details of such settlement including - terms of the settlement, compensation/penalty Not Applicable paid (if any) and impact of such settlement on the financial position of the listed entity. This intimation will also be available on the website of the Company https://www.skipperlimited.com/. We request you to take the above information on record. Thanking you, Yours faithfully, For Skipper Limited Anu Singh Company Secretary & Compliance Officer