Copy of Newspaper Publication

Ref: VILSTEX/FY2027/12 Date: June 29, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Listing Compliances, Floor 25, Plot No. C/1G Block, Bandra Kurla Complex, P. J. Towers, Dalal Street, Bandra (East), Mumbai – 400 051 Mumbai – 400 001 Scrip Code – VISAKAIND Scrip Code – 509055 Subject: Newspaper publication regarding special window for transfer and dematerialization (demat) of physical shares Dear Sir/Madam, Pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, periodical notice is hereby given to the shareholders of Visaka Industries Limited the Company that a Special Window has been opened from February 05, 2026 to February 04, 2027 for transfer and dematerialisation of physical securities which were sold/purchased prior to April 01, 2019. The Special Window shall also be available for such transfer requests which were submitted earlier and were rejected/returned/not attended to due to deficiencies, subject to rectification and re-submission within the aforesaid period. All such transfers shall be processed only in dematerialised form and shall be subject to a lock-in period of one year from the date of registration of transfer, during which the securities shall not be transferred, pledged or lien-marked. Cases involving disputes between transferor and transferee and securities transferred to the Investor Education and Protection Fund (IEPF) shall not be considered under this window. Pursuant to the circular, please find attached, copies of the newspaper advertisement that are published in Business Standard (In English) all editions on June 29, 2026. Copies of the above newspaper publication and SEBI Circular are also available at the Company’s website at: 1. Newspaper Publication: https://visaka.co/assets/website/files/investors/Announcements/2026-27/Business-Standard-29Jun2026.pdf 2. SEBI circular: https://visaka.co/assets/website/files/investors/Announcements/2025-26/SEBI-Circular-30Jan2026.pdf Thanking you, Yours faithfully, For M/s Visaka Industries Limited Ramakanth Kunapuli AVP & Company Secretary TAXFILINGGUIDEFORFREELANCERSANDPROFESSIONALS Developer free to form Avoid presumptive taxation building-wise societies if actual expenses are high complaintwasnotmaintainable.TheB WingSocietyquestionedthe Choosebetweenoldandnewtaxregimescarefullysincefreeswitchingisnotallowedeveryyr maintainabilityofthecomplaintonthe groundthattherewasnoconsumer- serviceproviderrelationship.The sanjeevsinha How to fix mismatches booksifgrossreceiptsexceed~1.5lakhin developercontestedthecomplaint, anyofthethreeprecedingfinancialyears. contendingthattwoseparatesocieties Alargenumberoffreelancers,creators, nMatchTDSdeductedwithtaxcredit “Forotherbusinessesandnon-spec- wereformedbecausethemajorityofthe consultants,app-baseddriversandde- inForm26ASbeforefiling ifiedprofessions,booksofaccountmust membersdidnotwantasinglesocietyfor livery partners working in the gig bemaintainedifincomeexceeds~1.2 CONSUMERPROTECTION nReportAIS/TISerrorsorduplicate thetwobuildings.Thedeveloperalso economyworkoutsidetheemployer- lakhortotalsales,turnoverorgrossre- incomeentriesthroughtheI-Tportal contendedthatthecomplaintwastime- employeeframework.Whilethisform ceipts exceed ~10 lakh in any of the jehangirbgai barredasthecomplainanthadfileditnine ofemploymentbringsgreaterflexibility nFollowupwithclientsorplatforms threeprecedingfinancialyears,orare yearsaftertheAWingflatholdershad andmultipleincomestreams,italso tocorrectmismatchesearly likelytoexceedtheselimitsinthecase LandownerRajKalamadirentrusted beenputinpossession. entailsdistinctresponsibilitiesatthe nDisclosethecorrectincomeinthe ofanewlyestablishedbusinessorpro- RamniklalKanjiVera,adeveloper,with TheNationalCommissionobserved timeoffilingtaxreturns. ITRbasedonactualearnings fession. For individuals and Hindu redevelopingapropertyatParelin thatSection7AoftheMaharashtra undivided families (HUFs), these nKeepsupportingdocumentsready Mumbaibydemolishingtheoldbuilding OwnershipFlatsAct(MOFA)permitsa Classifyincomecorrectly thresholdsareenhancedto~2.5lakhfor forfuturetaxqueries andconstructingoneormorenew buildertoraiseadditionalconstruction, TheIncome-tax(I-T)Actdoesnotuse incomeand~25lakhforturnoveror buildingsontheplot.Thelandownergave subjecttothedeveloperhavingmadetrue theterms‘freelancer’or‘gigworker’.Tax grossreceipts,”saysChandna. theredevelopmentrightsthroughan andfulldisclosuretotheflatpurchasers, treatmentdependsontheactivityand Ataxauditisgenerallyrequiredfor agreementexecutedinOctober2003anda asheldbytheSupremeCourtinJayantilal manner of earning income. Regular, throughdigitalmodes,subjecttoaturn- Assesstaxregimechoicecarefully businesses with turnover above ~1 supplementaryagreementexecutedin InvestmentsvsMadhuviharCHS.The skill-based work with financial risk overlimitof~2crore,”saysJain. Individuals with business or profes- crore,or~10croreifcashtransactions August2004. Commissionnotedthatthedeveloperhad usually counts as business or profes- Thisroutereducesthecompliance sionalincomecannotswitchbetween staywithinprescribedlimits,andfor ThedeveloperconstructedShiromani obtainedthespecificinformedconsentof sionalincome.“Incontrast,incomefrom burden.Taxpayersneednotmaintain theoldandnewtaxregimeseveryyear, professionalswithgrossreceiptsabove AWing,comprising47flats,andhanded theflatpurchasersfortheutilisationofFSI othersourcesisaresidualcategorythat detailedbooksofaccountorundergoa unlikesalariedtaxpayers. ~50lakh.Theserulesmayalsoapply overpossessionin2007.He (floorspaceindex)andheld appliesonlywhenareceiptcannotbe taxaudit. “Onceataxpayeroptsoutofthede- whenataxpayerexitspresumptivetax- laterconstructedanother thatitwasnotproperto taxedunderanyotherheadofincome.It faultnewtaxregimeandchoosesthe ationbydeclaringincomebelowthe thenational building,calledShiromani questiontheadditional istypicallymeantforoccasional,passive, ClaimeligibleexpensesunderITR-3 oldtaxregime,theygetonlyoneop- prescribedratewhiletotalincomeex- commissionnoted BWing,with27flats,and constructionputupafter orisolatedreceipts,”saysShubhamJain, Freelancers declaring actual profits portunitytoswitchbacktothenewre- ceedsthebasicexemptionlimit. handedoverpossession thatflatpurchasers approvalhadbeen director,SVASBusinessAdvisors. under ITR-3 can claim expenses in- gime. After re-entering the new tax in2010. hadgiveninformed obtained.TheCommission curredwhollyandexclusivelyforbusi- regime,theygenerallycannotoptfor Keepdocumentshandybeforefiling Whileformingthe consentforfsi alsoobservedthatthere ITR-3orITR-4? ness purposes. “These may include the old regime again in subsequent Multiple clients and platforms make society,23flatpurchasers utilisation,sothey wasnoembargoonthe Taxpayersoptingforpresumptivetax- officeorhome-officerent,internetand years,”saysAgarwala. properdocumentationcriticalforfree- votedinfavourofasingle couldnotquestion formationoftwoseparate ationshoulduseITR-4(Sugam),where mobile bills, software subscriptions, Freelancers and professionals lancersandgigworkers.“Keydocuments society,threewereneutral, theadditional societiesforthetwowings. afixedpercentageofturnoverorgross depreciation on laptops and other shouldassessthelong-termtaximpact tokeepreadyincludeclientcontracts, andtheremaining48 constructionlater TheCommissionobserved receiptsbecomestaxableincome.ITR- workequipment,professionaltraining beforechoosingtheoldtaxregime. paymentreceipts,expenserecordsfor optedfortwoseparate thatthecomplainanthad 4isunavailableifgrossreceiptsexceed andmemberships,travelandlodging rent,internet,softwaresubscriptionsand societies.Thebuilder producednoevidencein ~50lakh,orifthetaxpayerhascapital for client-related work, fees paid to Whentoskippresumptivetax travel,aswellasreconciledcopiesofForm accordinglyformedtwosocieties.Whenit respectoftheotherallegations,suchas gainsorincomefrommorethanone consultantsoraccountants,andmar- Presumptivetaxationmaynotalways 26AS,theAnnualI [Showing first 8,000 characters — download PDF for full document]