Disclosure under regulation 30 of SEBI (LODR) Reg. 2015 - Receipt of Penalty order under Section 271G of the Income Tax Act, 1961.

November 04, 2026 BSE Limited, Corporate Relationship Department, 14th Floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 531847/ Scrip Id: ASTAR Dear Sir/Madam, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Receipt of penalty order under Section 271G of the Income-tax Act, 1961 Dear Sir/Madam, Pursuant to Regulation 30 read with Para A(20) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received an order dated 28/09/2026 passed by the Ministry Of Finance, Income Tax Department under Section 271G of the Income-tax Act, 1961, the details of which are provided in Annexure A. This is for your information and record. We request you to take the above information on record. Yours Sincerely, For Asian Star Company Limited Arvind T. Shah DIN 00004720 CFO & Wholetime director Annexure A Sr. No. Particulars Details 1. Name of the authority Ministry Of Finance Income Tax Department 2. Nature and details of the Order levying a penalty of Rs. 16,12,74,109/- under action(s) taken, initiated or Section 271G of the Income-tax Act, 1961 order passed 3. Date of receipt of direction Order dated: September 28, 2026 received by Company or order, including any ad- through Email dated September 29, 2026 interim or interim order, or any other communication from the authority 4. Details of the violation(s) / Refer point 2 above contravention(s) committed or alleged to be committed 5. Impact on financial, Based on the Company’s assessment, the Company operation or other believes that the penalty order is not sustainable and has activities of the listed filed an appeal against the order before the appropriate entity, quantifiable in Authority. The Company is hopeful of a favourable monetary terms to the outcome at the appellate level. extent possible Accordingly, the Company believes that there will be no impact on its financials, operations or other activities due to this order. 6. Appeal filed by the The Company is of the view that the penalty levied is not Company sustainable and has accordingly filed an appeal before the appropriate appellate authority challenging the said order. The Company shall take appropriate steps to pursue the matter in accordance with applicable law. 7. Explanation for delay in The Company received the order via email on 29 disclosure September 2026. The order was examined in consultation with the Company's tax and legal advisors. The delay in disclosure was due to the time taken to review the order and evaluate its implications. The Company regrets the delay and is strengthening its internal compliance mechanism to ensure timely disclosures in future.