Hyundai Motor India Ltd

Mr. Tarun Garg appointed Chairman of Risk Committee in HMIL w.e.f. January 16, 2026 Ms. Sree Kirat Patel appointed as Director in CADBURY NIGERIA PLC w.e.f January 26, 2026 however not being considered because it is not a listed entity in India Mr. Dong Huwy Park appointed appointed as member of Risk Committee in HMIL w.e.f. January 16, 2026 and Whole time Director w.e.f February 02, 2026

Risk managment committee was reconstituted on 16-Jan-2026 in which Mr. Dong Huwy Park was appointed as member as and Mr Tarun Garg was elevated from member to chairperson of the committee. At the time of induction of Mr Dong Huwy Park as a part of risk management committee as member he was not a director of the company but as per regulation 21 of SEBI LODR that any senior executive can also become a member, hence he was apponted as member in Risk management committee first and whole timae director later on 02-02-2026.

Mr Dong Huwy Park was appointed as whole time director in the meeting held on 02-02-2026 and appointment was also effective from the same date. he attended the baord meeting as a special invitee.

Issues appealed before High Court - Tax involved: Rs. 228.31 Crores - No change in Status Issue pending before the CIT(A) - Tax involved: Rs. 1.56 Crores - No change in Status

Background: The Company had filed an appeal before the Income Tax Appellate Tribunal (“ITAT”) challenging the final assessment order dated September 26, 2018 passed by the Assistant Commissioner of Income Tax (“IT Department”) for the assessment year 2014-2015 for alleged variation of income due transfer pricing adjustment and tax treatment of certain transaction. Pursuant to the order passed by the ITAT dated March 16, 2022, both the Company and the Income Tax Department have challenged before the Hon'ble High Court of Madras on issues that were adjudged against them. Tax involved: Rs. 228.31 Crores With respect to matters which were remitted to Assessing Officer (A.O) by ITAT for verification, the A.O passed unfavourable order. On further appeal, the Company received favourable order from the ITAT. Tax involved: Rs 10.97 Crores The A.O while giving effect to the directions of the ITAT, provided only partial relief (Rs. 9.41 Crores) as against the complete relief granted by ITAT (Rs. 10.97 Crores). The Company has challenged the order of the A.O before the Commissioner of Income (Tax) Appeals (CIT(A)) on March 12, 2025 in respect of the relief not granted by the A.O. Tax Involved: Rs. 1.56 Crores

SUV Cars (Pre GST) : The Central Excise Intelligence department (DGGI) demanded differential Excise duty (3%) on certain SUV models (CRETA & Tucson) amounting to Rs.3574 Million along with equal penalty and Interest for the period Apr 2015 to Jun 2017. The Hon’ble Madras High Court informed the company to file appeal before Tribunal (CESTAT) and accordingly the company had filed appeal before Mumbai CESTAT in Oct 2024.

GST Department demanded differential Compensation Cess (2%) on certain SUV models (CRETA & Tucson) amounting to Rs.2586 Million along with equal penalty and Interest for the period Sep 2017 to March 2020. The Commissioner (Appeals) upheld the order of adjudicating authority in July 2025. The Company had preferred Writ Petition before Hon’ble Madras High Court in Aug 2025. Writ Petition admitted & Interim Stay granted in Dec 2025

A show cause notice dated October 14, 2013 (“SCN”) had been issued by the Directorate of Revenue Intelligence (Department of Revenue) (“DRI”) under the Customs Act, 1962 alleging that the Company has evaded payment of applicable customs duty by declaring different prices on the same components/ goods in the bill of entries declared by the Company for the period from Fiscal 2006 to 2010 in connection with the goods imported from Hyundai Motor Company, the Promoter, in violation of the Customs Act, 1962. The Company has filed three appeals against the order dated June 15, 2015 passed by the DRI pursuant to the SCN imposing a differential duty of Rs.5,831.80 million against the Company and certain of its employees. The matters are currently pending.

Classification of various Auto parts - 8708. The Company has been importing Auto parts under the respective Customs Tariff  Heading . Customs audited  and found 35 parts are  wrongly classified  and SCN was issued demanding duty of Rs 287 Crores approx . The Company filed a suitable reply justifying the classification is correct . Customs accepted the reply for 22 parts and  the Order for balance 12 parts are awaited.

Alloy Wheels - The Company imports about 6635 TPA of alloy wheels from china/korea. By end of 2012 Aluminium association of India filed application with Ministry of commerce and Industry,  GoI, requesting for levy of anti- dumping duty on cast aluminium alloy wheels. Investigation was initiated on alloy wheels import & domestic company impact, and on 11-4-2014 , GoI, levied anti -dumping duty of US $ 1.37/kg on import of alloy wheels. 4 Writ Petitions were filed by the Company challenging the provisional order passed by the Department and was dismissed by Single judge of Hon'ble Madras High Court. The Company further filed 4 appeals before Division bench against the single judge order & 1 Writ Petition challenging Final Notification and is pending before the Hon'ble Madras High Court. Further, Govt. of India, filed transfer petition to Madras High Court for transfer of the case from Madras High Court to Supreme Court to hear along with batch matter. [Anti Dumping duty for the period from May 22, 2015 to March 31, 2024 was paid by the Company under protest was about INR 6,978 Million (approx.).