The Company has Show cause notice dated 25th August, 2026 in Form GST DRC-01 dated 21st August, 2026 proposing a recovery demand amounting to an aggregate of Rs. 10,70,41228.15

Date: 26/08/2026 The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 BSE Code: 544732 The Manager National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot C/1, G Block, Bandra-Kurla Complex, Mumbai – 400 051 NSE Code: INNOVISION Dear Sir/Madam, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received, on August 25, 2026, a Show Cause Notice in FORM GST DRC-01 dated August 21, 2026, issued by the Principal Commissioner, Central Goods and Services Tax, Gurugram, Haryana. The said Show Cause Notice has been issued under Section 74 of the Central Goods and Services Tax Act, 2017 (“CGST Act”) read with the corresponding provisions of the Haryana Goods and Services Tax Act, 2017 (“HGST Act”) and Section 20 of the Integrated Goods and Services Tax Act, 2017 (“IGST Act”), proposing recovery of CGST amounting to ₹5,35,20,614.07 and SGST amounting to ₹5,35,20,614.07, aggregating to ₹10,70,41,228.15, for the tax periods covering FY 2020-21 to FY 2024-25, along with applicable interest and penalty, in relation to the exemption claimed by the Company in respect of certain supplies reported in its GST returns. The Company further informs that the present matter is substantially similar to an earlier matter decided in favour of the Company by the Commissioner, CGST (Appeals), Dehradun, vide Order-in-Appeal dated August 11, 2026, bearing C. No. 18/GST/Commr/APPL/DDN/2026-27/1544, in respect of the Company’s Uttarakhand GST registration. The said order, inter alia, sets aside the substantive tax demand under Section 74, along with the corresponding interest and major penalties. The Company notes that the present proceedings initiated by the CGST Gurugram Commisionerate also, inter alia, concern the exemption claimed in respect of User Fee (Toll) Collection Services and arise from the same underlying nature of transactions. Accordingly, the aforesaid Order-in-Appeal is directly relevant to the Company's defense and may be relied upon by the Company in responding to the present Show Cause Notice before the competent authority, along with other submissions and documentary evidence, as applicable. INNOVISION LIMITED ISO 9001 : 2008 | ISO/IEC 27001 : 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in Based on its preliminary assessment and the findings contained in the aforesaid Order-in-Appeal, the Company believes that it has substantive grounds to contest the proposed demand, interest and penalty and intends to take appropriate steps before the competent authority in accordance with applicable law. Since the communication received by the Company is a Show Cause Notice and no final demand has been adjudicated pursuant thereto as on the date of this disclosure, the Company does not expect the same to have any immediate material impact on its financial position, operations or other activities. The Company will continue to evaluate the matter and take appropriate legal and factual steps in the proceedings. The details, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January, 2026 are enclosed as Annexure A. This is for your information and record. Yours sincerely, For Innovision Limited JYOTI SACHDEVA Company Secretary & Compliance Officer INNOVISION LIMITED ISO 9001 : 2008 | ISO/IEC 27001 : 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in Annexure A Particulars Details 1 Name of the authority Principal Commissioner, Central Goods and Services Tax, Gurugram Nature and details of the action(s) The company has received Show Cause Notice wherein amount of taken, initiated or order(s) passed GST under dispute is as set out in Annexure B. Date of receipt of direction or order, including any ad-interim or interim 3 The Company received the Show Cause Notice on August 25, 2026. orders, or any other communication from the authority The Show Cause Notice alleges, inter alia, that the Company incorrectly Details of the claimed exemption in respect of certain outward supplies reported in its violation(s)/contravention(s) GST returns and proposes GST demand of ₹10,70,41,228.15, committed or alleged to be comprising CGST of ₹5,35,20,614.07 and SGST of ₹5,35,20,614.07, committed along with applicable interest and penalty. The Show Cause Notice proposes a tax demand of ₹10,70,41,228.15, along with applicable interest and penalty. The Company further informs that the present matter is substantially similar to an earlier matter decided in favour of the Company by the Commissioner, CGST (Appeals), Dehradun, vide Order-in-Appeal dated August 11, 2026, bearing C. No. 18/GST/Commr/APPL/DDN/2026-27/1544, in respect of the Impact on financial, operation or Company’s Uttarakhand GST registration. The said order, inter alia, other activities of the Company, 5 sets aside the substantive tax demand under Section 74, along with the quantifiable in monetary terms to the corresponding interest and major penalties. extent possible The said appellate order may be relied upon by the Company in its submissions before the Competent Authority. Since the present communication is a Show Cause Notice and no final demand has been adjudicated pursuant thereto, the Company does not expect any immediate material impact on its financial position, operations or other activities. INNOVISION LIMITED ISO 9001 : 2008 | ISO/IEC 27001 : 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in Annexure B Nature and Details of the action(s) taken, initiated or order(s) passed: The proposed tax liability is as follows: Financial Year Taxable Value (₹) CGST @ 9% (₹) SGST @ 9% (₹) Total GST @ 18% (₹) 2020-21 1,69,28,615.70 15,23,575.41 15,23,575.41 30,47,150.82 2021-22 1,88,86,945.00 16,99,825.05 16,99,825.05 33,99,650.10 2022-23 6,23,58,680.00 56,12,281.20 56,12,281.20 1,12,24,562.40 2023-24 49,49,69,733.00 4,45,47,275.97 4,45,47,275.97 8,90,94,551.94 2024-25 15,29,516.00 1,37,656.44 1,37,656.44 2,75,312.88 Total 59,46,73,489.70 5,35,20,614.07 5,35,20,614.07 10,70,41,228.15 INNOVISION LIMITED ISO 9001 : 2008 | ISO/IEC 27001 : 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in