Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby give an update on Order passed by Office of the Commissioner (Appeals), Central Goods and Service Tax & Central Excise. Please see attachment for more details.

Mandar Vasmatkar Company Secretary & Chief - Compliance mandar.vasmatkar@timken.com 3 November, 2026 The National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, NSE Symbol - TIMKEN G-Block, Bandra- Kurla Complex, Bandra (E), Mumbai- 400 051. BSE Limited Phiroze Jeejeebhoy Towers, Scrip Code- 522113 Dalal Street, Fort, Mumbai- 400 001. Dear Sir/Madam, Sub: Order passed by Office of the Commissioner (Appeals)-Update Ref : our earlier intimation dated 30 October, 2024 Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby give an update on Order passed by Office of the Commissioner (Appeals), Central Goods and Service Tax & Central Excise, details of which are given below: Name of the Authority passing order Office of the Commissioner (Appeals), Central Goods and Service Tax & Central Excise. Details of the violation(s)/contravention(s) Short payment of GST on royalty payment alleged to be committed under Reverse Charge Mechanism (RCM). Nature and details of the action(s) taken, Office of Commissioner CGST and CEX initiated or order(s) passed Jamshedpur vide its order dated 21 October, 2024 has classified the royalty payment towards fee for technical services under SAC 9983 where the applicable GST rate is 18% under RCM as against our classification under SAC 9973 where the GST rate is 12% under RCM for the period 1st July 2017 to October 2021 and demanded additional GST of Rs. 8,19,15,057/- along with Interest and Penalty. We had filed appeal against said Order. Office Registered office: Timken India Limited 39-42, Electronic City, Phase II, Hosur Road, Bengaluru 560 100. Tel: +91(80) 41362000, Fax: +91(80) 41362010, Website: www.timken.com/en-in/ CIN:L29130KA1996PLC048230 of the Commissioner (Appeals) upheld the earlier order and rejected our appeal. Date of receipt of direction or order, including 2 November, 2026 any ad-interim or interim orders, or any other communication from the authority Impact on financial, operation or other The Company is of opinion that aforesaid activities of the Company, quantifiable in order is not sustainable. The Company is monetary terms to the extent possible taking necessary steps to file appeal before appropriate authority to get relief. The Company does not anticipate any immediate financial or monetary impact. Reason for Delay The Company received said order through email on 2 November, 2026 at 12:00 noon. The Company was evaluating impact and ascertaining materiality aspect. Hence, there is delay in submission. You are requested to take note of the above. Copy of the aforesaid order is attached herewith. Yours faithfully, For TIMKEN INDIA LIMITED Mandar Vasmatkar Company Secretary & Chief - Compliance GAPPL/COM/GSTP/2835/2026-APPEAL-O/o COMMR-CGST-APPL-RANCHI l/5092908/2026 F.No-CGST(A)-94-98/JSR/2024-25 3l'Ro =tHcfiF( GOVERNMENT OF INDIA 3ITT_ffo (~cfil ifilil~C'lil OFFICE OF THE COMMISSIONER (APPEALS) c\,~;q ~ 'Q'ci .flqlcfi.( cltrr c\;~;q 3FtJT?; \f'<-q1, Central Goods and Service Tax & Central Excise, ajad);q "Qci- ~ (;(if, c1Js- (!,1-1.(1<"'5, 3Alrcfi irlfJR", ~ - 834002 2nd& 3rd Floor, Grand Emerald Building, Ashok Nagar, Ranchi-834002 C. No. CGST(A)-94-98/lSR/2024-25 Date of order:30.10.2026 Date of Communication: Passed by: Dharmjeet Kumar, IRS Commissioner (Appeals) ORDER-IN-APPEAL No: 1389-1393 /lSR/2026 SI fij Ic l ti I / PREAMBLE 1) This copy is granted free of charge for the private use of the person to whom it is issued. ~ Wd" ~ cxJfcfd q;) f;ruft WWI~~ 1jQo ~-at ufT ~ i I 2) Under Section 112 (1) of the COST Act, 2017 an appeal against this order can be filed to the Appellate Tribunal within 03 months along with relevant documents either electronically or otherwise as may be notified by the Registrar, in FORM GST APL-05, on the common portal on payment of 20% of the duty demanded where duty or duty and penalty are in dispute, or penalty, where penalty alone is in dispute. $I~~ ~ ~ ~ ~ ~ fcw.& 3ftfre q;vrr ~~en '{rot~R \£RT frrtlffrcr dcf>f.!lcfil Page 1 of 23 GAPPL/COM/GSTP/2835/2026-APPEAL-O/o COMMR-CGST-APPL-RANCHI l/5092908/2026 F .N o-CGST(A)-94-98 / JSR/ 2024-25 '3ftfcIT 3Pl ~ ~ ~ ~ 'Q'cf ~ ~ ~ 2017 ct,9° tl'RT112(1)$ cfQCf FORM GST-APL- 05 -q ~ mfu "CR lWT ffl;° 7Tlfi ~ q;-r20%uflTT ~ 3ftft"a ?JlR" ~ ~ i I 3) A certified copy of the decision or order appealed against along with fees as specified in sub-rule (5) of Rule 110 shall be submitted to the Registrar within seven days of the filing of the appeal under sub-rule (1). ~ frrtn::r (1) $ cfQCf 3ftft"a ?JlR" q)R $ ~ ~ $ ~ ~ ~ $ I.IJ-llfOla uFcf 'Q'cf frrtn::r 110(5) $ cfQCf ~ ~ -lKrl~R ~ ~&f uflTT cfR I 4) The fees for filing of appeal shall be one thousand rupees for every one lakh rupees of tax or input tax credit involved or the difference in tax or input tax credit involved or the amount of fine, fee or penalty determined in the order appealed against, subject to a maximum of rupees twenty-five thousand. 3ftft"a ?JlR" q)R q;-r ~ ~ ~ -q lWT ffl;-lTlfi ~ $ ~ ~ cfRg ~ tR ~ ~ ~ ~"GITi-fi~"ITT~i Page 2 of 23 GAPPL/COM/GSTP/2835/2026-APPEAL-O/o COMMR-CGST-APPL-RANCHI l/5092908/2026 F .N o-CGST(A)-94-98 / JSR/ 2024-25 These are 5 the appeals filed under section 107 of the Central Goods Service Tax Act, 2017 by M/s Timken India Limited, Bara, Jamshedpur, East Singhbhum, Jharkhand-831009 (GSTIN:20AABCT0596J1ZG) (hereinafter referred to as the TIL/appellant) against 010 No. 17 /CGST/Joint Commissioner/2024 dated 21.10.2024 passed by Joint Commissioner of the CGST & C. EX, Jamshedpur. Details of year wise DRC-07s are as under- (a) ZD2011240073372 dated 21.10.2024 (FY 2017-18 w.e.f0l.07.2017); (b) ZD2011240073463 dated 21.10.2024 (FY 2018-19); (c) ZD201124007352A dated 21.10.2024 (FY 2019-20); (d) ZD2011240073546 dated 21.10.2024(FY 2020-21); (e) ZD201124007360D dated 21.10.2024 (FY 2021-22 upto 31.10.2021). 2. Brief facts of the case are that on the basis of the intelligence gathered, DGGI, Surat Zonal unit issued DRC-01 under C.No. DGGI/SZU/36- 86/2023-24, dated 29.12.2023 (hereinafter referred to "SCN") to M/s Timken India Pvt. Ltd., Bara, Jamshedpur, East Singhbhum, Jharkhand-831009 (GSTIN: 20AABCT0596J1ZG). It was alleged in the DRC-01 that the appellant have shown services availed in respect of "Royalty under SAC 9973 (Leasing or Rental Services with or without operator) and made payments of IGST@ 12% under RCM. However, the services received under "Royalty'' should fall under SAC 9983 (other professional, technical and business services) in terms of Serial No. 21 to Notification No. 11/2017-Central Tax (Rate) dated 28.06.2017 which attracts IGST@ 18% and thus have short paid GST amounting to Rs. 8,19,15,057 /- (IGST) (Rupees Eight Crores Nineteen Lakhs Fifteen Thousand fifty-seven only) during the period July'l 7 to October'2 l. SCN proposed recovery of the same in terms of Section 7 4 of the CGST Act, 201 7 read with Section 20 of the IGST Act. 2017 along with applicable interest under Section 50 of the CGST Act, 201 7 / Jharkhand GST Act read with section 20 of the IGST Act. Penalty was also proposed under section 7 4 of the said Acts. Page 3 of 23 GAPPL/COM/GSTP/2835/2026-APPEAL-O/o COMMR-CGST-APPL-RANCHI l/5092908/2026 F .N o-CGST(A)-94-98 / JSR/ 2024-25 2.1 Adjudicating authority upon following the principles of natural justice, considering the submissions made by the appellant has confirmed the demand raised in the SCN. 3. Accordingly, adjudicating authority vide the impugned order determined as under- (i) The service received by the noticee is classifiable under "Business and professional and Technical Services" under HSN 998396- Trademarks and franchises; (ii) Confirmed the short-paid tax amounting to Rs. 8, 19, 15, 057I -only and ordered for its recovery under section 74(1) of the CGST Act, 2017 read with section 20 of the IGST Act; (iii) Confirmed the recovery of interest under section 50 of the CGST Act, 2017 read with [Showing first 8,000 characters — download PDF for full document]