Action(s) initiated or orders passed

ESAB/SE/2026 21st August 2026 To National Stock Exchange of India Limited BSE Limited Exchange Plaza PJ Towers Plot No.01, G Block, Dalal Street Bandra-Kurla Complex. Sandra (E) Mumbai 400 001. Mumbai 400 051 Scrip Code :500133 / ESABINDIA Sub: Disclosure under Regulation 30 of SEBI Listing and Obligations and Disclosure Requirements) Regulations, 2015 Further to our letter No. ESAB/SE/2025 dated 30th December 2025 wherein we informed you of the receipt of two Orders from Income Tax Assessing Officer for AY 2017-18 & 2018-19 imposing penalty of Rs.1,23,10,580/- and Rs.21,86,636/- respectively, and conveyed our decision to appeal the same before the appropriate income tax authority, we hereby provide an update on the developments of these two matters as follows. i) The Company filed appeals under section 250 of the Income Tax Act before the Commissioner of Income Tax (Appeals) against the Orders of the Income Tax Assessing Officer viz. i) Order dated 23rd December 2025 for AY 2017-18 imposing penalty of Rs.1,23,10,580/-; and ii) Order dated 23rd December 2025 for FY 2018- 19 Rs.21,86,636/-. As against the appeals filed by the Company under section 250 of the Income Tax Act, the Commissioner of Income Tax (Appeals) has dismissed the aforesaid appeals upholding the Orders of the Assessing Officer and passed the following orders. a) Order No. ITBA/NFAC/S/250/2026-27/1092388988(1) dated 20th August 2026 dismissing the appeal No. NFAC/2016-17/10548514 against the imposition of Rs.1,23,10,580/- as penalty for AY 2017-18; b) Order No. ITBA/NFAC/S/250/2026-27/1092361842(1) dated 20th August 2026 dismissing the appeal No. NFAC/2017-18/10548910 against the imposition of Rs.21,86,636/- as penalty for AY 2018-19; ii) The Company will be preferring an appeal against the Orders of the Commissioner of Income Tax (Appeals). The required information on the above-mentioned orders are provided in the annexure 1 in terms of the requirements of SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD- 2/P/CIR/2025/25 dated 25th February 2025 and Industry Standards note on Regulation 30 of SEBI (LODR) Regulations. We further state and declare that the information and details provided in Annexure 1, in compliance with Regulation 30(13) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is true, correct and complete to the best of our knowledge and belief. Please take the above on record and bring this to the notice of the members. Thanking you, Yours truly, For ESAB India limited G. Balaji Company Secretary Annexure - 1 Sl. Details of Order for AY Details of Order for AY Particulars No 2017-18 2018-19 1 Name of the Listed Entity ESAB India Limited 2 Type of Communication Received through electronic means – uploaded in IT portal received 3 Date of receipt of direction / order / 20th August 2026 Communication 4 Authority from whom the communication Income Tax Authority received 5 Brief summary of the CIT(A) upheld the order CIT(A) upheld the order material contents of the issued by the Assessing issued by the Assessing communication received, Officer imposing penalty of Officer imposing penalty of including reasons for Rs. 1,23,10,580/- Rs.21,86,636/- receipt of the communication Accordingly, CIT(A) has Accordingly, CIT(A) has confirmed the penalty under confirmed the penalty under section 270A of the Income section 270A of the Income Tax Act 1961. Tax Act 1961. 6 Period for which communication would be AY 2017-18 AY 2018-19 applicable, if stated 7 Expected financial As per the order the As per the order the implications on the listed imposition of penalty Rs. imposition of penalty Rs. company, if any 1,23,10,580/- 21,86,636/- 8 Details of any aberrations/non- Alleged that the company Alleged that the company compliances identified by had underreported the total had underreported the total the authority in the income. income. communication (or) Details of the violations/contraventions committed/ alleged to be committed. 9 Details of any penalty or restriction or sanction As per the order, penalty of As per the order, penalty of imposed pursuant to the Rs. 1,23,10,580/- is imposed Rs. 21,86,636/- is imposed communication 10 Action(s) taken by listed The Company is in the The Company is in the company with respect to process of preferring an process of preferring an the communication appeal against the order. appeal against the order. 11 Any other relevant Nil Nil information