NSEAction(s) initiated or orders passed2d ago · 29 Oct 2026, 04:33 pm

Action(s) initiated or orders passed

Snowman Logistics Limited · SNOWMAN

✦ AI SummaryRegulatory

Snowman Logistics Limited has received a rectification order from the Income Tax Department, reducing the penalty amount for Financial Year 2024-25 from INR. 2,06,56,802/- to INR. 1,72,14,000/-, resulting in a reduction of INR. 34,42,802/-.

Analysis Scores

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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Snowman Logistics Limited has informed the Exchange about Action(s) initiated or orders passed

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SNOWMAN8_29102026163254_Rectification_Intimation.pdf

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29th October, 2026 The General Manager, The Manager, Department of Corporate Services Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza Floor 25, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Bandra Kurla Complex, Dalal Street, Mumbai Bandra, Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: [SNOWMAN] Scrip Code: 538635 Equity ISIN: INE734N01019 Sub: Disclosure under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Dear Sir/ Madam, Pursuant to Regulation 30 read with Sub-para (20) of Para (A) of Part (A) of Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulation 2015, as amended, and in furtherance to our intimation dated October 02,2026 we hereby inform that the Company has received a rectification order under Section 154 of the Income Tax Act, 1961 dated October 16, 2026 (hereinafter referred to as “the Order”) over email on October 28, 2026 from Income Tax Department for Assessment Year 2024-25. The details required under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No. HO/49/14/14/(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended from time to time) are enclosed as Annexure – A. Please take the same on record. Thanking you For Snowman Logistics Limited Richa Gupta Company Secretary & Compliance Officer Membership No. A-56523 Encl. as above Snowman Logistics Ltd. Corporate office: Wing B of 4th Floor, Prius Platinum, Saket District Centre, Saket, New Delhi – 110017. CIN: L15122MH1993PLC285633 T 011 4055 4500 Regd. Office: Plot No. M-8, Taloja Industrial Area, MIDC, Raigad, Navi Mumbai, Maharashtra -410206 T +91 22 39272004 E info@snowman.in W www.snowman.in Annexure-A Particulars Remarks Name of the Authority Income Tax Department (“Authority”) (Deputy Commissioner of Income Tax, Central Circle-2(1), Mumbai) Date of receipt of direction or order, October 28, 2026 including any ad-interim or interim orders, or any other communication from the authority Nature and details of the action(s) taken or The Company had received a Demand Notice issued by the order(s) passed Income Tax Department under section 270A (13) of the Act for Financial Year 2024-25, for a sum of INR. 2,06,56,802/- which was intimated to Stock Exchange earlier on October 02, 2026. The Company had filed an application under section 154 and has received rectification order with the revised demand being INR. 1,72,14,000/-. Impact on financials, operation or other The Rectification Order has reduced the penalty amount activities of the listed entity, quantifiable in from INR. 2,06,56,802/- to INR. 1,72,14,000/-, resulting in a monetary terms to the extent possible reduction of INR. 34,42,802/-. Further, the Company has already filed appeal against the penalty order before the appropriate Authority and is hopeful of a favourable outcome at the appellate level. Accordingly, the Company believes that there is no impact on the financials, operations or other activities of the Company. Snowman Logistics Ltd. Corporate office: Wing B of 4th Floor, Prius Platinum, Saket District Centre, Saket, New Delhi – 110017. CIN: L15122MH1993PLC285633 T 011 4055 4500 Regd. Office: Plot No. M-8, Taloja Industrial Area, MIDC, Raigad, Navi Mumbai, Maharashtra -410206 T +91 22 39272004 E info@snowman.in W www.snowman.in