General Updates

Date: October 19, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 051 Mumbai – 400 001 NSE Scrip Code: SSDL BSE Scrip Code: 544230 Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Sub-Para 20 of Para A of Part A of Schedule III thereof – Receipt of Order passed by the Office of the Joint Commissioner, CGST Kolhapur Commissionerate Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with Sub-Para 20 of Para A of Part A of Schedule III thereof and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, we hereby inform that Saraswati Saree Depot Limited ("the Company") has received an Order in Form GST DRC-07 passed by the Joint Commissioner, CGST Kolhapur Commissionerate. The details as required under Regulation 30 of the SEBI Listing Regulations read with the aforesaid SEBI Master Circular are enclosed herewith as Annexure – A. You are requested to take the above intimation on record. For Saraswati Saree Depot Limited Vidhi Bharat Oswal Company Secretary & Compliance Officer Membership No.: A77054 Place: Kolhapur Date: 19.10.2026 Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Sub-Para 20 of Para A of Part A of Schedule III thereof and the SEBI Master Circular dated November 11, 2024 Sr. Particulars Details 1 Name of the Authority Office of the Commissioner of Central GST, Kolhapur Commissionerate, Maharashtra. 2 Nature and details of the Order in Form GST DRC-07 bearing Order-in-Original No. action(s) taken, initiated or 01/GST-DRC-07/JC/AP/KOP/26-27 dated October 12, order(s) passed 2026 passed under Section 73(9) and Section 74A(6) of the CGST Act, 2017 read with the corresponding provisions of the MGST Act, 2017, imposing an aggregate penalty of ₹32,09,097/- (₹1,85,391/- u/s 73(9) and ₹30,23,706/- u/s 74A(5)(i)). The said Order has been passed pursuant to Show Cause Notice dated December 12, 2025 issued by the DGGI, Pune Zonal Unit (Ref: DGGI/INT/INTL/164/2025- Gr A), to which the Company had filed its detailed written reply dated January 16, 2026 contesting the proposed demand. 3 Date of receipt of direction or October 19, 2026. order, including any ad- interim or interim orders, or any other communication from the authority 4 Details of the violation(s) / Alleged availment of inadmissible Input Tax Credit on IPO- contravention(s) committed related expenses, held to be inadmissible under Sections or alleged to be committed 17(2) and 17(3) of the CGST Act, 2017. The Company had, vide its written submission dated January 16, 2026, contested the said allegations before the Adjudicating Authority. 5 Impact on financial, The Company doesn’t accept the DRC 07 order & shall operation or other activities contest it legally. The Company believes that it has of the listed entity, reasonable merit on its side to win in higher Appellate quantifiable in monetary Forum. Quantum of Tax demand with interest and penalties terms to the extent possible is not expected to have any financial or operational adverse impact on the Company. Without prejudice to the above, the company has sufficient input credit available to service this demand.