NSEGeneral Updates8 Oct 2026 · 8 Oct 2026, 04:18 pm

General Updates

KEI Industries Limited · KEI

✦ AI SummaryRegulatory

KEI Industries Limited has received a revised GST demand order from the Commissioner (Appeals), Noida, which has reduced the initial demand of Rs. 2,23,13,702/-.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015

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KEI_08102026161829_Intimation_signed.pdf

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KEI Industries Limited Registered and Corporate Office: D-90, Okhla Industrial Area, Phase-1, New Delhi- 110020 CIN: L74899DL1992PLC051527 Tel.: +91-11-26818840/8642/0242, Email: info@kei-ind.com Website: www.kei-ind.com Date: 08.10.2026 The Manager, The Manager, Listing Division, Listing Operation, The National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, Plot No. C/1, G Block, 25th Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Fort, Mumbai- 400 001 NSE Symbol: KEI Scrip Code: 517569 Sub: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, This is with reference to our earlier communication dated February 04, 2025, intimating the GST Demand orders received from Joint Commissioner (Office of Commissioner of Central Goods & Services Tax), Noida Audit Commissionerate, Noida, dated February 03, 2025, in respect of GST Demand. We now wish to inform you that the Company had further filed appeals against the aforesaid order and after due consideration the Commissioner (Appeals), Noida, vide its order dated September 29, 2026, received on October 07, 2026, has further reduced the aforesaid GST Demand. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure - A. This is for your information and records. Thanking You, Yours faithfully, (KISHORE KUNAL) Sr. VP (Corporate Finance) & Company Secretary KEI Industries Limited Registered and Corporate Office: D-90, Okhla Industrial Area, Phase-1, New Delhi- 110020 CIN: L74899DL1992PLC051527 Tel.: +91-11-26818840/8642/0242, Email: info@kei-ind.com Website: www.kei-ind.com Annexure-A Disclosure as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Sr. Disclosure Requirements Details. 1 Name of the Authority Commissioner, Central Goods & Service Tax (Appeals), Noida, Uttar Pradesh. 2 Nature and details of the Order for intimation of revised demand of Rs. 2,23,13,702/- action(s) taken or order(s) passed and penalty of Rs. 2,23,13,702/- under Section 74(9) of the CGST/UPGST Act, 2017 on Road Restoration charges and set aside the demand with respect to availment of excess input tax credit in GSTR-3B in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue. 3 Date of receipt of communication 07th October, 2026. from the authority. 4 Details of the violation(s) / For the financial year 2017-18, the authority has raised GST contravention(s) committed or demand under reverse charge mechanism on road cutting alleged to be committed charges ,availing excess input tax credit in GSTR-3B Return in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue. 5 Impact on financial, operation or Based on Company’s assessment, the aforesaid demand is other activities of the listed not maintainable and the Company is evaluating all options entity, quantifiable in monetary including filing an appeal with Goods and Services Tax terms to the extent possible Appellate Tribunal against the demand order. The Company did not envisage any relevant impact on financials, operations or other activities of the Company.