Adjudication Order passed u/s 73 of CGST/ TGST Act, 2017

भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 From: Miriam Vandana, Sr. Manager (CS), BHEL, BHEL House, Siri Fort, New Delhi – 110049 To: 1. BSE Limited, Mumbai 2. Na(cid:415)onal Stock Exchange of India Ltd., Mumbai Sub: Adjudica(cid:415)on Order passed u/s 73 of CGST Act/ TGST Act, 2017 Pursuant to Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015, it is in(cid:415)mated that the Company has received Adjudica(cid:415)on Order passed u/s 73 of CGST Act/ TGST Act, 2017 (received on 09.11.2026), dropping en(cid:415)re demand of Rs. 207.26 Crore raised for FY 2022-23 against BHEL. The requisite details in respect of the aforesaid order as prescribed under Regula(cid:415)on 30 are enclosed herewith at Annexure-A. It is further declared that the informa(cid:415)on and details provided, is true, correct and complete to the best of our knowledge and belief. No. AA/SCY/SEs Date: 09.11.2026 (Miriam Vandana) Sr. Manager (CS) shareholderquery@bhel.in पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 Annexure-A Disclosure regarding adjudication order passed u/s 73 of CGST Act/ TGST Act, 2017 (1) Name of the listed company Bharat Heavy Electricals Limited (2) Type of communication received Adjudica(cid:415)on Order No. ZD361126014923J dated 07.11.2026 passed u/s 73 of CGST Act/ TGST Act, 2017 (3) Date of receipt of communication 09.11.2026 (4) Authority from whom Assistant Commissioner (ST), Commercial communication received Tax Department, Telangana (5) Brief summary of the material In respect of GST demand raised for FY contents of the communication 2022-23 vide Show Cause No(cid:415)ce issued by received, including reasons for receipt GST Authori(cid:415)es in Sept.’25, amoun(cid:415)ng to of the communication Rs. 207.26 Crore (reported earlier vide disclosure dated 19.09.2025). Order has been passed by Adjudica(cid:415)ng Authority in favour of BHEL, dropping the en(cid:415)re demand of Rs. 207.26 Crore along with consequen(cid:415)al interest & penalty (6) Period for which communica(cid:415)on FY 2022-23 would be applicable, if stated (7) Expected financial implications on There is no financial implica(cid:415)on on the the listed company, if any Company since the case has been decided in favour of the Company (8) Details of any aberra(cid:415)ons/ non- compliances iden(cid:415)fied by the NIL authority in the communica(cid:415)on (9) Details of any penalty or restric(cid:415)on or sanc(cid:415)on imposed pursuant to the NIL communica(cid:415)on (10) Ac(cid:415)on(s) taken by listed company No ac(cid:415)on warranted as en(cid:415)re GST with respect to the communica(cid:415)on demand of Rs. 207.26 Crore as raised on the Company vide Show Cause No(cid:415)ce has been dropped by the Authority (11) Any other relevant informa(cid:415)on In Sept.’25 Show Cause No(cid:415)ces had been issued on the Company raising tenta(cid:415)ve GST demand for three financial years as under: FY 2021-22 – Rs. 184.55 Crore FY 2022-23 – Rs. 207.26 Crore FY 2023-24 – Rs. 194.62 Crore Total - Rs. 586.43 Crore पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 1. In respect of above said years, against FY 2021-22, Order was passed by GST Authori(cid:415)es in favour of BHEL dropping demand amoun(cid:415)ng to Rs. 183.77 Crore along with consequen(cid:415)al interest and penalty. The same was reported for SEBI Compliance vide disclosure dated 02.01.2026. 2. In respect of 2nd FY also, i.e. FY 2022-23, Favourable Adjudica(cid:415)on Order has been passed by GST Authori(cid:415)es dropping the en(cid:415)re demand of Rs. 207.26 Crore along with consequen(cid:415)al interest and penalty. 3. In respect of 3rd FY, i.e., FY 2023-24 the ma(cid:425)er is under Adjudica(cid:415)on and is expected to be se(cid:425)led on similar lines. पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in