BSECompany Update8 Oct 2026 · 8 Oct 2026, 05:33 pm

Update on Tax Litigation

Duroply Industries Ltd · 516003

✦ AI SummaryLitigation

Duroply Industries Ltd has received an update on its tax litigation matter, where the Hon'ble High Court at Calcutta has set aside the final assessment order and remitted the matter back to the Assessing Authority.

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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact1/10
Market Sentiment5/10

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Duroply Industries Ltd - 516003 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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Ref: 5404/26-27/0041 October 8, 2026 Department of Corporate Services BSE Limited 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 516003 Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is with reference to our disclosure dated August 14, 2023 and subsequent updates submitted as part of the Quarterly Integrated Filing (Governance) in relation to income-tax demand of Rs. 5,827.57 lacs for Assessment Year 2018-19, which the Company challenged by way of Writ Petition before the Hon'ble High Court at Calcutta. As an update to the matter, the Company wishes to inform that The Hon'ble High Court at Calcutta has, vide its order dated October 6, 2026, set aside the final assessment order passed on March 18, 2021 by the Assessing Authority and remitted the matter back to the Assessing Authority. The Assessing Authority will pass an appropriate assessment order upon providing the Company an opportunity of placing its case. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A. The aforesaid disclosure will also be made available on the website of the Company at www.duroply.in Kindly take the same on your records. Yours faithfully, For DUROPLY INDUSTRIES LIMITED [KOMAL DHRUV] Company Secretary Annexure A Details required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Particulars Details The details of any change in the status The Income Tax Department raised a demand of Rs. and/or any development in relation to 5,827.57 Lacs under section 156 of the Income-tax such proceedings Act, 1961 for AY 2018-19, pursuant to the assessment order under section 143(3) dated March 18, 2021. The Company challenged the demand in Writ Petition before the Hon'ble High Court at Calcutta. The Hon'ble High Court at Calcutta has, vide its order dated October 6, 2026, set aside the final assessment order passed on March 18, 2021 by the Assessing Authority and remitted the matter back to the Assessing Authority. The Assessing Authority will pass an appropriate assessment order upon providing the Company an opportunity of placing its case. In 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 proceedings In the event of settlement of the Not applicable. proceedings, details of such settlement including terms of settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity