BSECompany Update9 Oct 2026 · 9 Oct 2026, 04:24 pm

As per the Letter attached

Afcons Infrastructure Ltd · 544280

✦ AI SummaryRegulatory

Afcons Infrastructure Ltd has received a demand order from the Assistant Commissioner, CGST, Division-VII, Ahmedabad North, for Rs. 1,18,38,402/-, comprising tax amounting to Rs. 59,19,201/-, interest yet to be quantified, and penalty amounting to Rs. 59,19,201/-, in the matter of Input Tax Credit excess availed and utilized for the financial year FY 2020-21. The company disputes and contests the said order in its entirety and intends to file an appeal before the appropriate appellate authority.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10

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Afcons Infrastructure Ltd - 544280 - Announcement Under Regulation 30

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October 09, 2026 To To BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400 051. Scrip Code: 544280 Symbol: AFCONS Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) read with S SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026, the details of the order received by the Company from the office of the Assistant Commissioner, CGST, Division-VII, Ahmedabad North GST Authority is enclosed herewith as Annexure A. You are requested to take the same on record Thanking you, Yours faithfully, For Afcons Infrastructure Limited Gaurang Parekh Company Secretary and Compliance Officer Membership No.: F8764 Afcons Infrastructure Limited Regd. Office: Afcons House, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, Andheri(W), Mumbai - 400 053, India, Tel.: +91-22-6719 1000 www.afcons.com | CIN No.: L45200MH1976PLC019335 Annexure A. Particulars Details Name of the authority Assistant Commissioner, CGST, Division-VII, Ahmedabad North. Nature and details of the action(s) Issuance of demand Order w.r.t to tax, Interest and taken, initiated or order(s) passed penalty confirmed under section 74(1) of the CGST Act 2017. Date of receipt of direction or October 8, 2026 order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ Order has been passed with respect to Show Cause contravention(s) committed or Notice for Financial Year FY 2020-21 proposing demand aggregating to Rs. 1,18,38,402/- (comprising Tax alleged to be committed amounting to Rs. 59,19,201/-; Interest under section 50(3) yet to be quantified and Penalty amounting to Rs. 59,19,201/-) in the matter of Input Tax Credit excess availed and utilized. Impact on financial, operation or The Company disputes and contests the said order in other activities of the listed entity, its entirety and intends to file an appeal before the quantifiable in monetary terms to appropriate appellate authority in accordance with the applicable provision of law. the extent possible There is no financial impact on the Company arising from this matter Afcons Infrastructure Limited Regd. Office: Afcons House, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, Andheri(W), Mumbai - 400 053, India, Tel.: +91-22-6719 1000 www.afcons.com | CIN No.: L45200MH1976PLC019335