Indian Hume Pipe Co. Ltd. has submitted its quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026, fulfilling mandatory regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Filing Details

The company filed the certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Ltd. and National Stock Exchange of India Ltd. on April 6, 2026. The submission was made by Niraj R. Oza, Vice President - Company Secretary & Legal, bearing ACS registration number 20646.

Certificate Issuer and Compliance

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated April 1, 2026. The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

Stock Exchange Communications

The filing was addressed to both major Indian stock exchanges where the company's shares are listed. BSE Ltd. received the communication at its Corporate Relationship Department, with the company trading under scrip code 504741. National Stock Exchange of India Ltd. was also notified, where the company trades under the symbol INDIANHUME in the EQ series.

Dematerialisation Process Confirmation

The certificate confirms compliance with dematerialisation procedures, stating that security certificates received for dematerialisation were properly mutilated and cancelled after due verification. The names of depositories were substituted in the register of members as registered owners within the prescribed regulatory timelines, ensuring full compliance with SEBI requirements for the quarter ended March 31, 2026.

Indian Hume Pipe Co. Ltd. has informed stock exchanges about two penalty orders totaling ₹5.73 crores imposed by the Income Tax Department for Assessment Year 2023-2024. The disclosure was made on April 1, 2026, under Regulation 30 of SEBI listing regulations.

Major Tax Penalty Orders

The company received two separate penalty orders dated March 31, 2026, from the Assessment Unit, Income Tax Department, NAFAC, Delhi. These penalties arise from disputes over tax deductions and purchase transactions that were disallowed in the original assessment.

Background of Tax Disputes

The penalties stem from two main disallowances made in the assessment order dated March 25, 2025, under Section 143(3) of the Income Tax Act. The first penalty relates to the disallowance of a deduction claimed under Section 54D amounting to ₹7,30,03,569. The second penalty concerns an addition of ₹10,51,80,264 for alleged unexplained purchases.

Both disallowances were subsequently confirmed by the Commissioner of Income Tax (Appeals) through an order dated August 30, 2025. In response, the company filed an appeal on October 29, 2025, before the Income Tax Appellate Tribunal, Mumbai, challenging these disallowances.

Company's Response and Legal Strategy

The Indian Hume Pipe Co. Ltd. plans to file appeals against both penalty orders before the Commissioner of Income Tax (Appeals). The company maintains that the rejection of deductions is due to differences in legal interpretation rather than non-reporting or wrong reporting of income.

Key Arguments:

• The penalty under Section 270A (200% of tax involved) is not justified
• Company has adequate factual and legal grounds to substantiate its position
• The disputes arise from interpretation differences, not misreporting
• Appeals are already pending before ITAT Mumbai for the underlying disallowances

Financial Impact Assessment

Despite the significant penalty amounts, the company expects the entire demand to subside based on its legal position. Management has stated there is no material impact expected on the company's financial, operational, or other activities. The company's confidence stems from its belief in having strong factual and legal grounds to challenge both the underlying disallowances and the penalty orders.

The disclosure was made in continuation of earlier submissions dated March 26, 2025, and August 31, 2025, maintaining transparency with stakeholders about pending litigation matters as required under SEBI regulations.