Disclosure of Pending Litigation

Sec/Steels/022/FY 2026-27 Date: 11.08.2026 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-1, Block “G” Rotunda Building, 5th Floor, Bandra Kurla Complex, PJ Tower, Dalal Street, Bandra East, Mumbai- 400001 Mumbai- 400051 Scrip Code: 539044 Scrip Code: MANAKSTEEL Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, we hereby submit the details as per “Annexure-A” in relation to a litigation pertaining to a Land situated at Haldia, West Bengal, which was transferred in the name of the Company from “Manaksia Limited” w.e.f. October 01, 2013 pursuant to a Scheme of Demerger involving Manaksia Limited and Manaksia Steels Limited sanctioned by Hon’ble High Court, Calcutta vide its Order dated March 24, 2014. The aforesaid disclosure is being made by the Company based on the information received from Manaksia Limited as the fact of the transfer pursuant to the said Demerger has not been updated in the records of concerned Statutory Authority. We request you to take the same on record. Thanking you, Yours faithfully, For Manaksia Steels Limited Ajay Sharma (Company Secretary) Encl.: as above Annexure-A Disclosures as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular dated 30th January, 2026: Sl. No. Particulars Details 1. Brief details of litigation viz. name(s) of Name of the Parties: M/s. Manaksia Ltd. versus The the opposing party, court/ State of West Bengal & Ors. tribunal/agency where litigation is filed, Court where litigation is filed: High Court at Calcutta brief details of dispute/litigation (Constitutional Writ Jurisdiction Appellate Side) — Case No.: W.P.A. No. 15313 of 2008. Brief Details of Dispute: The petitioner (Manaksia Ltd.) filed a writ petition seeking to set aside Orders under Memo dated February 05, 2008, and July 04, 2008, issued by the Chief Executive Officer, Haldia Development Authority (HDA) wherein HDA asked the Petitioner to pay the land premium at an enhanced rate of Rs. 15 lakhs per acre for 35 acres of land out of previously agreed rate of 5.50 lakhs per acre. The High Court vide its Judgment dated July 27, 2026 directed that the petitioner shall deposit the remaining enhanced land premium of Rs. 3,32,50,000/- (Rupees Three Crores Thirty-Two Lakhs Fifty Thousand only) in favor of HDA within a period of Six weeks from the date of the Order. 2. Expected financial implications, if any, Rs. 3,32,50,000/- (Rupees Three Crores Thirty-Two due to compensation, penalty etc. Lakhs Fifty Thousand only) is the total amount payable pursuant to the Order. Further, the Company envisages no adverse financial implications in its working due to imposition of the demand. The Petitioner Company may prefer for an appeal against the Order. 3. Quantum of claims Rs. 3,32,50,000/- (Rupees Three Crores Thirty-Two Lakhs Fifty Thousand only).