BSECompany Update3d ago · 6 Nov 2026, 06:06 pm

Disclosure pursuant to SEBI LODR

Torrent Power Ltd · 532779

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Torrent Power Ltd has received an order from the Joint Commissioner, CGST Ahmedabad South, regarding a conditional refund of GST paid on Ocean Freight. The order pertains to a demand of Rs. 4.54 Crs. in interest and Rs. 1.93 Crs. in penalty. The company believes that since Hon'ble High Court has allowed conditional refund, the question of Interest and Penalty should not arise. The company will challenge the order before the appropriate authority and is hopeful of a favourable outcome.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Torrent Power Ltd - 532779 - Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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November 06, 2026 To, To, Corporate Relationship Department L i s t i n g D e p a r t m e n t , BSE Limited National Stock Exchange of India Limited 14th Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai 400 051 SCRIP CODE: 532779 SYMBOL: TORNTPOWER Dear Sir / Madam, Sub: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 of the Listing Regulations, we would like to inform you that the Company has received the order dated November 05, 2026 at 07:48 pm from the Office of Joint Commissioner, CGST Ahmedabad South in the matter pertaining to conditional Refund of GST paid on Ocean Freight allowed by Hon’ble High Court for the amount which was earlier transferred to consumer welfare fund. The details as required pursuant to Regulation 30 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are as under: No. Particulars Details 01. Name of the Authority Joint Commissioner, CGST Ahmedabad South 02. Nature and details of the action(s) The Company has received an order in original from the Joint taken or order(s) passed Commissioner, CGST Ahmedabad South, u/s 74A(1) of Central Goods and Services Tax Act, 2017. The order pertains to conditional refund of GST paid on Ocean Freight as per directions of Hon’ble Supreme Court of India and was transferred to consumer welfare fund by the company. The demand raised comprises of interest of Rs. 4.54 Crs. and penalty of Rs. 1.93 Crs. 03. Date of receipt of direction or order, The order has been received by the Company through email on including any ad-interim or interim November 05, 2026 around 19:48. orders, or any other communication from the authority 04. Details of the violation(s) / The order in original was passed under Section 74A (1) of CGST contravention(s) committed or Act, 2017. alleged to be committed; 05. Impact on financial, operation or The Company believes that since Hon’ble High Court has other activities of the listed entity, allowed conditional refund and the Company has acted as per quantifiable in monetary terms to directions of that order, the question of Interest and Penalty the extent possible. should not arise. The Company will challenge the order before the appropriate authority and is hopeful of a favourable outcome. As per the assessment of the management, this order does not have any material financial impact on the Company. You are requested to take the same on records. Thanking You. Yours faithfully, For Torrent Power Limited Rahul Shah Company Secretary & Compliance Officer