BSECompany Update4d ago · 21 Oct 2026, 12:40 pm

Please find enclosed herewith Intimation under Reg 30 of SEBI LODR.

Harish Textile Engineers Ltd · 542682

✦ AI Summary▼ NegativeRegulatory

Harish Textile Engineers Ltd has received a Show Cause Notice from the Goods and Services Tax Department regarding discrepancies in Input Tax Credit (ITC) claimed for the period January 2026 to March 2026, proposing rejection of refund to the extent of Rs. 23,02,781/-.

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Earnings Impact4/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment3/10

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Harish Textile Engineers Ltd - 542682 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

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HARISH TEXTILE ENGINEERS LIMITED CIN No.: L29119MH2010PLC201521 Date: 215t October, 2026 Manager — CRD BSE Limited Pheroze Jeejeebhoy Tower, Dalal Street, Mumbai — 400 001 Dear Sir/Madam, Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Scrip Code: BSE 542682 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations"), read with Para B of Part A of Schedule III thereto, we hereby inform you that the Company has received a Show Cause Notice in Form GST RFD-08 dated 16™ October, 2026 received yesterday i.e. 20" October, 2026, issued by the Office of the Deputy Commissioner of State Tax, Nashik, Maharashtra. The said notice relates to the Company's refund application filed for the period January 2026 to March 2026. The notices have been issued pursuant to examination of the Company's refund application, wherein certain discrepancies with regard to the Input Tax Credit (ITC) claimed by the Company have been identified by the GST Department, including observations relating to ITC availed from certain suppliers and difference in Net ITC as reported in RFD-01 and Annexure-B. The Department has proposed rejection of the refund claim to the extent of Rs. 23,02,781/-. The Company is in the process of examining the observations made in the notices and is taking appropriate steps to submit its reply along with necessary supporting documents within the prescribed timeline. The Company has also been directed to appear before the concerned authority for personal hearing on 22" October, 2026 at 11:00 A.M. At this stage, the notices are in the nature of show cause proceedings and no final order has been passed against the Company. Accordingly, the ultimate financial impact, if any, cannot be ascertained at this stage. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated 13t July 2023, are enclosed herewith as an Annexure -A. Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251 Email: info@harishtextile.com www.harishtextile.com HARISH TEXTILE ENGINEERS LIMITED CIN No.: L29119MH2010PLC201521 You are requested to kindly take the above information on your records. Thanking You, Yours Faithfully, For Harish Textile Engineers Limited Sandeep Gandhi Managing Director DIN: 00941665 Place: Mumbai Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251 Email: info@harishtextile.com www.harishtextile.com HARISH TEXTILE ENGINEERS LIMITED CIN No.: L29119MH2010PLC201521 Annexure A Details under Regulation 30 of the SEBI Listing Regulations read along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13'" July 2023: Sr. | Particulars Details 1 Name of Authority Goods and Services Tax Department Designation of the assessing officer Deputy Commissioner of State Tax Unit NAS-NOD-E-0006 (AMBAD_505), Division Nashik, Maharashtra 2 Nature and details of the action(s) taken, or The Company has received a Notice in Form GST RFD- order(s) passed 08 along with an Additional Show Cause Notice in relation to the refund application for the period January 2026 to March 2026, proposing rejection of refund to the extent of Rs. 23,02,781/-. 3 Date of receipt of direction or order, including 20t October, 2026 any ad-interim or interim orders, or any other communication from the authority 4 Details of the violation(s)/contravention(s) During examination of the refund application, the GST committed or alleged to be committed Department has raised observations relating to ITC availed from certain suppliers, stated to have availed ITC from non-genuine and/or cancelled suppliers. The Department has also observed a difference in Net ITC reported in RFD-01 and Annexure-B. 5 Impact on financial, operation or other activities The Department has proposed rejection of refund to the of the listed entity, quantifiable in monetary extent of Rs. 23,02,781/-. Since the matter is at the terms to the extent possible show cause stage and no final order has been passed, the ultimate financial impact, if any, cannot be ascertained at this stage. 6 Remark The Company is examining the notices and will submit its reply along with the necessary supporting documents within the prescribed timeline and appear before the concerned authority for personal hearing on 22n October, 2026 at 11:00 A.M. For Harish Textile Engineers Limited Sandeep Gandhi Managing Director DIN: 00941665 Place: Mumbai Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251 Email: info@harishtextile.com www.harishtextile.com