Carraro India Limited has announced scheduled one-on-one meetings with investors and analysts for April 20, 2026, in compliance with regulatory requirements. The company informed both BSE and NSE about these investor interactions through an official communication dated April 13, 2026.

Meeting Details

The investor meetings are scheduled to take place virtually, providing flexibility for participants across different locations. The company has structured the engagement to accommodate multiple stakeholders while maintaining regulatory compliance.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework ensures transparency in corporate communications and investor interactions.

Carraro India Limited has emphasized that discussions during these meetings will be based exclusively on publicly available information. The company has specifically stated that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions, ensuring compliance with insider trading regulations.

Important Considerations

The company has noted that the meeting schedule may change owing to exigencies on the part of analysts, investors, or the company itself. This flexibility clause allows for adjustments based on unforeseen circumstances while maintaining the commitment to investor engagement.

The communication was signed by Mohith Kumar Khandelwal, Company Secretary and Compliance Officer (Membership No.: F11243), demonstrating proper authorization and corporate governance protocols. The document was digitally signed on April 20, 2026, at 11:02:47 IST using Adobe Acrobat Reader DC.

Carraro India Limited has received a Final Assessment Order and Notice of Demand from the Income Tax Department, marking the latest development in an ongoing tax assessment process. The order, dated April 8, 2026, was received by the company at 2:45 PM on the same day from the Faceless Assessment Unit of the Income Tax Department.

Assessment Order Details

The Final Assessment Order has been issued under the provisions of Section 143(3) read with sections 144C(3) and 144B of the Income Tax Act, 1961. This order follows a series of previous communications, including a draft assessment order dated March 3, 2026, and a show-cause notice dated February 12, 2026.

Financial Impact and Adjustments

The assessment order reveals significant financial adjustments, though the amounts have been reduced from earlier proposals. The contentions settled under the Final Assessment Order include additions totaling Rs. 61,73,41,693/-, which pertain to the Transfer Pricing Assessment Order dated January 22, 2026. Additionally, other corporate tax adjustments amount to Rs. 52,61,308/-, representing a reduction from the earlier adjustment of Rs. 27,63,98,380/- proposed in the show-cause notice.

Company's Response Strategy

Carraro India has outlined its plan to contest the assessment order through proper legal channels. The company intends to file an appeal with the jurisdictional Commissioner of Income Tax (Appeals) based on legal advice to contest the tax adjustments contained in the Final Assessment Order and Notice of Demand. This appeal will be filed within the prescribed timelines as mandated by tax regulations.

Operational Impact Assessment

According to the company's disclosure, there is no immediate impact on financial, operations, or other activities due to the Final Assessment Order and Notice of Demand. The company maintains confidence in its position and believes it will receive favorable relief from the appropriate forum where such tax adjustments are appealed.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under the SEBI Master Circular dated November 11, 2024, ensuring full transparency with stakeholders regarding this significant regulatory development.