BSECompany Update4 Oct 2026 · 4 Oct 2026, 05:28 pm

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

RITES Ltd · 541556

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RITES Ltd has received an order from the Hon'ble Deputy Commissioner of State Tax (Appeal-1), Division-1, Ahmedabad, Gujarat, allowing the company's appeal against the demand order pertaining to FY 2019-20, resulting in a relief of ₹38,30,49,704/-.

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Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10

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RITES Ltd - 541556 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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No. RITES/SECY/NSE Date: October 04, 2026 To To ए(cid:6989)सच(cid:7286)ज (cid:7009)लाजा, सी -1, (cid:7011)लॉक जी, बा(cid:7076)ं ा - कुला(cid:6981) रोटुंडा िब(cid:7410)(cid:7016)डग, कॉ(cid:7013)(cid:7009)ले(cid:6989)स, बा(cid:7076)ं ा (पूव(cid:6981)), पी जे टावस,(cid:6981) दलाल (cid:7021)(cid:7069)ीट, फोट(cid:6981), Listing Department, Corporate Relationship Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, Bandra - Rotunda Building, Kurla Complex, Bandra (E), P J Towers, Dalal Street, Fort, Mumbai – 400051 Mumbai - 400 001 Symbol- RITES Scrip Code- 541556 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligatios and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, In furtherance to our letter dated September 02, 2024 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with sub-para 20 of Para A of Part A of Schedule III of the Listing Regulations, we hereby inform you that RITES has received an Order dated September 30, 2026, passed by the Hon’ble Deputy Commissioner of State Tax (Appeal-1), Division-1, Ahmedabad, Gujarat, in respect of the appeal filed by the Company against the demand order pertaining to FY 2019-20. The said Order was received by the Company on October 03, 2026. Vide the aforesaid Order, the appeal filed by the Company has been allowed and the demand order issued by the State Tax Officer has been partially set aside. Accordingly, relief amounting to ₹38,30,49,704/- has been granted to the Company in respect of the demand comprising tax, interest and penalty pertaining to FY 2019-20. The details as required under Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are annexed herewith as Annexure-A. This is for your information and records. Thanking You, िन(cid:304)खल अ(cid:356)वाल/ Nikhil Agarwal सद(cid:735)ता सं(cid:421)ा: A42626/ Membership No.: A42626 Annexure-A Required disclosures/details under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with sub-para 20 of Para A of Part A of Schedule III S. No. Particulars Details 1. Name(s) of the authority(ies) Hon’ble Deputy Commissioner of State Tax (Appeal-1), Division-1, Ahmedabad, Gujarat. 2. Nature and details of the action(s) The Company had filed an appeal against the taken, initiated or order(s) passed demand order issued by the State Tax Officer pertaining to FY 2019-20. The Hon’ble Appellate Authority has passed an Order dated September 30, 2026, whereby the appeal filed by the Company has been allowed and the demand order issued by the State Tax Officer has been partially set aside. Accordingly, relief amounting to ₹38,30,49,704/- has been granted to the Company in respect of the demand comprising tax, interest and penalty pertaining to FY 2019-20. 3. Date of receipt of direction or order, The Order dated September 30, 2026 was including any ad-interim or interim received by the Company on October 03, 2026. orders, or any other communication from the authority 4. Details of the violation(s)/ The proceedings pertained to the demand order contravention(s) committed or issued by the State Tax Officer in respect of FY alleged to be committed 2019-20, comprising demand towards tax, interest and penalty. 5. Impact on financial, operation or The Company has been granted relief other activities of the listed entity, amounting to ₹38,30,49,704/- as a result of the quantifiable in monetary terms to the appeal being allowed and the demand order extent possible being partially set aside. The Company had made a pre-deposit of ₹1,93,00,013/- at the time of filing the appeal. Consequently, subject to the provisions of applicable law, there is no further tax, interest or penalty liability pursuant to the aforesaid demand order. 6. Financial impact of such The Company has been granted relief proceedings, if any amounting to ₹38,30,49,704/-. There is no further tax, interest or penalty liability pursuant to the aforesaid demand order.