Date: 15th October, 2026

Regulatory & Legal Disclosures

Nature of Communication: The company received a communication dated 14th October, 2026, from the Office of the Molasses Controller and Excise Commissioner, Uttar Pradesh, Prayagraj (U.P. Excise Department).

Details of Action/Order: The U.P. Excise Department has directed the company to pay a compounding amount of ₹10,00,000 (Rupees Ten Lakh only).

Reason for Penalty: The penalty is in relation to a shortfall in the prescribed molasses storage capacity at the Rajpura Unit of the company.

Period of Violation: The actual molasses storage capacity was lower than the required capacity calculated as per excise/molasses control regulations for the sugar years 2021–22, 2022–23, 2024–25, and 2025–26.

Financial Impact: The financial impact is explicitly stated to be limited to the extent of the ₹10,00,000 penalty. The company further states there is no material impact on its financial, operation, or other activities.

Regulatory Reference: This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023.