esab india Limited has announced the appointment of Mr. Curtis Evan Jewell as Non-Executive Nominee Director and Non-Executive Chairman of the company, effective from 1 May 2026. The appointment follows the withdrawal of Kevin Johnson's nomination as Nominee Director by ESAB Holdings Limited, which was communicated through a letter dated 22 April 2026.

Mr. Curtis Evan Jewell has been appointed for a period of five years. He brings extensive experience in corporate governance, legal leadership, and cross-border initiatives. Currently, he serves as Senior Vice President and Corporate Secretary at ESAB Corporation. Prior to this role, he served as General Counsel of ESAB and held the position of Corporate Secretary at Colfax Corporation, where he worked from February 2011.

Board Committee Appointments

In addition to his role as Non-Executive Chairman, Mr. Jewell will serve on several key board committees of ESAB India Limited effective from 1 May 2026:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders' Relationship Committee
• Corporate Social Responsibility Committee

He will also serve as the Chairman of the Risk Management Committee.

Appointment Details

Mr. Jewell began his legal career at Schulte Roth & Zabel LLP in New York and later worked in private practice at Hogan Lovells LLP, focusing on securities law, corporate governance, mergers and acquisitions, and capital market transactions. He earned his bachelor's degree in philosophy and political science from Washington University in St. Louis, and his law degree from The University of Pennsylvania Carey Law School, along with a Certificate in Business and Public Policy from The Wharton School.

The Board of Directors meeting regarding this appointment commenced at 17:09 hours and concluded at 17:30 hours. The disclosure was made pursuant to Regulation 30 and Para A - Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

ESAB India Limited has received a tax demand order of Rs. 37,99,846 from West Bengal tax authorities for FY 2022-23, relating to Input Tax Credit discrepancies under the CGST/WBGST Act. The company disclosed this development under Regulation 30 of SEBI listing regulations on 30th April 2026.

Tax Demand Details

The order was issued by the Deputy Commissioner of Revenue, State Tax, Office of the Senior Joint Commissioner, Commercial Taxes, West Bengal under section 73 of CGST/WBGST Act, 2017. The demand includes tax, interest, and penalty components for alleged violations during FY 2022-23.

Nature of Alleged Violations

Upon scrutiny of the filed returns, the tax authority identified specific discrepancies in the company's tax compliance:

• Short payment of taxes during FY 2022-23
• Excess claim of Input Tax Credits in both CGST and SGST
• Discrepancies relating to Input Tax Credit availed during the financial year

The department raised these concerns following their examination of ESAB India's tax returns for the relevant period.

Company's Response and Impact Assessment

ESAB India has indicated that it will challenge the tax demand through the appropriate legal channels. The company is currently in the process of preferring an appeal with the department against the order.

The company has assessed that despite the Rs. 37,99,846 demand amount, there will be no material impact on its financial, operational, or other business activities. This disclosure was made in compliance with SEBI regulations to keep stakeholders informed of significant regulatory developments.