Grauer & Weil (India) Limited has notified BSE Limited about receiving an order from the Commissioner Appeals, CGST and Central Excise under Section 85(4) of the Finance Act, 1994. The company made this disclosure on March 17, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appeal Order Details

The Commissioner Appeals, CGST and Central Excise, Thane has issued a partial order on the company's appeal. The appeal was partially allowed and partially upheld, prompting the company to announce its intention to file a further appeal against the decision. The order was received by the company on March 16, 2026.

Financial Impact and Violations

The order addresses two specific violations alleged against the company:

The Commissioner (Appeals) passed order DRC-07, which resulted in significant financial implications for the company. The order rejected Cenvat credit of Rs. 11,71,712 and imposed a penalty of equal amount, totaling Rs. 11,71,712.

Company's Position

Grauer & Weil (India) Limited has stated that there is no major financial impact on the business operations except for the amounts mentioned in the order. The company secretary, Chintan K. Gandhi, signed the regulatory filing, confirming that the intimation has also been hosted on the company's website at growel.com.

Regulatory Compliance

The disclosure was made in compliance with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2023. The company maintains its commitment to transparent communication with stakeholders regarding material developments that could impact its operations.

Grauer & Weil (India) Limited has issued a postal ballot notice seeking shareholder approval for revising the remuneration of its Whole-time Director Mr. Rohitkumar More. The notice, dated February 13, 2026, outlines the company's proposal to significantly increase the director's compensation package effective from January 1, 2026.

Voting Schedule and Process

The remote e-voting process has been scheduled with specific timelines for shareholder participation:

The company will conduct the voting process entirely through electronic means, with no physical postal ballot forms being distributed to shareholders. Only shareholders whose names appear in the Register of Members as on the cut-off date and have registered email addresses will be eligible to participate.

Proposed Remuneration Revision

The postal ballot seeks approval for a substantial revision in Mr. Rohitkumar More's compensation structure. Currently, he draws remuneration of Rs. 63.18 lakhs per annum plus performance incentive up to Rs. 30.00 lakhs per annum.

Revised Compensation Structure

The proposed revision also includes various perquisites and benefits such as:

• Medical allowance and reimbursements
• Leave travel concession for family
• Provident Fund and Gratuity contributions
• Use of company car with driver
• Personal accident and medical insurance premiums
• Club membership fees
• Telephone and mobile phone facilities

Director Profile and Responsibilities

Mr. Rohitkumar More (DIN: 00139797) is a Mechanical Engineer who oversees the day-to-day management and strategic decision-making of the Engineering Division. His responsibilities extend to M/s Kamtress Automation Systems Pvt. Ltd., a 100% subsidiary of the company. He was first appointed to the Board on March 14, 2003, and currently holds 1,30,700 equity shares in the company.

Board Meeting Attendance

Regulatory Compliance and Justification

The Nomination and Remuneration Committee has reviewed and approved the proposed revision after evaluating performance parameters, industry comparables, and overall contribution. The Board of Directors approved the revision at its meeting held on February 13, 2026, citing improved performance of the Engineering Division, expansion in scale of operations, and increased scope of responsibilities.

The proposed remuneration aligns with prevailing industry benchmarks for comparable positions and remains within the limits prescribed under the Companies Act, 2013 and Schedule V thereof. The revision will be treated as minimum remuneration even in cases of absence or inadequacy of profits, subject to regulatory limits.

Shareholder Information and Support

Shareholders can access the complete postal ballot notice on the company's website at www.growel.com and on MUFG Intime's platform at https://instavote.linkintime.co.in . The notice has also been uploaded on BSE Limited's website. For technical support or queries, shareholders can contact the company at secretarial@growel.com or reach the helpdesk at 022-4918 6000.

The resolution, if passed by the requisite majority, will be deemed effective from Friday, April 3, 2026. Results will be communicated to BSE Limited within two working days of the voting conclusion and made available on relevant websites.