CIE Automotive India Ltd

1. In case of Executive Directors the date of reappointment is the date when such directors is reappointed as WTD in the current term.2. In case of Non-executive Non-Independent Director date of reappointment is the date when such directors retire by rotation and was reappointed at the AGM or the date when such director is regularised from additional director to Director as may be applicable.3. In case of the Independent Directors of the Company the initial date of appointment is the date on which the Directors were appointed as Independent Directors in their first term under the Companies Act, 2013.

During the quarter ended 31st March 2026, the Company has not made any acquisition of shares or voting rights in any unlisted company to which the proviso to subclause ii(c) of sub-para 1 of Para A of Part A of Schedule III to the LODR applies.

Background:- During the processing of return of income for AY 2020-2021, Central Processing Unit (“CPC”) erred in considering certain operating revenue twice and also made disallowances erroneously and certain advance payments of tax were missed to be considered. Intimation u/s 143(1) was issued by CPC on October 29, 2021 against which an application was filed by the company, for rectification u/s 154 with the Jurisdictional Assessing Officer (“AO”) and with the Faceless AO simultaneously by the Company. Dispute details:- An application has been filed with the Assessing Officer against the erroneous adjustments made by CPC during processing of the Company’s Income Tax return on various grounds like erroneous additions of item of incomes twice, disallowance of certain amount as expense, short grant of tax deducted at source and levying consequential interest thereon. This resulted in raising of tax demand of Rs. 32,97,47,360/- as against the refund claimed by the Company of Rs. 20,98,00,000/-. Thereafter, the Assistant Commissioner of Income Tax has forwarded Order of assessment in the application as mentioned above filed with the Assessing Officer against the erroneous adjustments made by CPC during processing of the Company’s Income Tax return is accepted in favour of the Company. The demand of Income Tax of INR 32,97,47,360/- as per the CPC Assessment is converted into a refund of INR 14,52,16,939/- as per the Assessment under Section 143(3) read with Section 144C(3) of the Income Tax Act, 1961. Hence, the proceedings before the Assistant Commissioner of Income Tax relating to said matter stands concluded. However, the said refund is below the refund claimed by the Company of INR 20,98,00,000/-. Hence, the company filed appeal in December 2023 before CIT (Appeals) to claim the deficit in refund of INR 64,583,061/-.

The Action Taken or the Order Passed does not have any material impact on the financials of the company nor have any impact on operational or other activity of the Company.

The Order bearing Reference No.SCC No. 66/26 dated 14/03/2026 passed under Section 92 of the Factories Act, 1948, imposed the fine of Rs. 25000 for the Offence.

Contravention under Rule 115(1) and 115(2) of the Maharashtra Factories Rules, 1963, punishable under section 92 of the Factories Act, 1948.

The Action Taken or the Order Passed does not have any material impact on the financials of the company nor have any impact on operational or other activity of the Company.

The Order bearing Reference No.SCC No. 215289 dated 14/03/2026 passed under Section 92 of the Factories Act, 1948, imposed the fine of Rs. 25000 for the Offence.

Contravention under section 7 (A) (2) (a) of Maharashtra Factories Act, 1948, punishable under section 92 of the Factories Act, 1948.