Carraro India Limited has received a favorable customs order from the Office of the Commissioner of Customs, Pune, providing complete relief from a tax demand of ₹6,37,26,310. The order, bearing reference number PUNE-CUSTOMS-000-COMMR-01/2026-27 and dated May 7, 2026, was received by the company on May 8, 2026, via email at 16:08 p.m. This development follows a Show Cause Notice (SCN) dated September 2, 2025, which had been filed with the stock exchanges on September 3, 2025.

Background and Regulatory Context

The customs dispute pertained to an alleged short levy of Integrated Goods and Services Tax (IGST) at the rate of 10%. Pursuant to the submissions filed and representations made by Carraro India before the tax authorities, the demand was dropped in its entirety. The company disclosed this development to the stock exchanges under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Customs Order

The following table summarizes the key details of the favorable customs order as disclosed by the company:

Financial and Operational Impact

As a direct consequence of the favorable order, Carraro India has obtained complete relief from the tax demand of ₹6,37,26,310. The company has stated that this shall have the impact of reducing its contingent liability by ₹6,37,26,310. No other financial, operational, or business impact has been disclosed in connection with this order.

The intimation was signed by Mohith Kumar Khandelwal, Company Secretary and Compliance Officer (Membership No.: F11243), on behalf of Carraro India Limited.

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.