Nila Infrastructures has received an order from the Office of the Commissioner (Appeals) - Central GST, Appeal Commissioner – Ahmedabad, setting aside the appeal made by the company. The order, dated 18 June 2026, was received on 23 June 2026 and concerns a tax liability of INR 2.03 Cr arising from the disallowance of Input Tax Credit availed. The company stated that there is no material impact on its financial, operational, or other activities due to this order and the amount of demand.

The matter relates to a violation regarding the disallowance of Input Tax Credit. The Appellate Order specifies a total tax liability of INR 2.03 Cr. Nila Infrastructures indicated that the impact will be limited to the extent of the final tax liability ascertained, along with any applicable interest and penalty.

Details of the Order

The company provided the following details regarding the communication received from the tax authorities:

Violation and Impact

The specific violation alleged was the disallowance of Input Tax Credit availed by the company. While the Appellate Order confirms a total tax liability of INR 2.03 Cr, Nila Infrastructures is currently in the process of challenging the order of the Appellate Authority before the relevant authorities. The company is taking requisite expert consultation to proceed with the matter.

Nila Infrastructures Limited declared the results of its postal ballot on 12 May 2026, in compliance with Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited and the National Stock Exchange of India Limited that all resolutions set out in the postal ballot notice have been passed with the requisite majority. The voting results and the scrutinizer's report dated 12 May 2026 have been made available on the company's website at www.nilainfra.com .

Key Voting Parameters

The postal ballot process was conducted through remote e-voting facilitated by National Securities Depository Limited (NSDL). The cut-off date for determining shareholders eligible for e-voting was 03 April 2026, and the postal ballot notice was dispatched on 10 April 2026. The following table summarises the key parameters of the voting process:

The e-voting module was disabled by NSDL on 11 May 2026, following which the scrutinizer downloaded the voting data. The e-votes were unblocked on 11 May 2026 at 01:30 p.m. in the presence of two independent witnesses, Mr. Bhargav Tank and Ms. Meghali Gandhi, both of whom confirmed they are not in the employment of the company.

Resolution-wise Voting Results

All five resolutions were ordinary resolutions, and the promoter and promoter group as well as public institutions recorded zero votes polled across all resolutions. Voting participation was entirely from the Public – Non Institutions category through remote e-voting. The table below presents a consolidated summary of the voting outcome for each resolution:

Across all five resolutions, the total number of shares held stood at 393889200, with votes polled representing 0.3661% of outstanding shares for Resolutions 1 through 4, and 0.3677% for Resolution 5. The promoter and promoter group, holding 243825187 shares, did not participate in the voting for any resolution, as they were interested parties in all five agenda items.

Scrutinizer's Findings

Umesh Ved, Proprietor of M/s. Umesh Ved & Associates, Practicing Company Secretaries, Ahmedabad, was appointed as scrutinizer pursuant to Section 108 and 110 of the Companies Act, 2013, read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014. The scrutinizer confirmed that the e-voting data was reconciled with records maintained by the Registrar and Transfer Agent, M/s. MCS Share Transfer Agent Limited, and that the voting process was conducted in a fair and transparent manner.

Key findings from the scrutinizer's report include:

• No invalid votes were recorded across any of the five resolutions.
• None of the shareholders abstained from voting for Resolutions 1 to 5.
• All five resolutions stand passed with requisite majority.
• The newspaper advertisement declaring the cut-off date was published in Business Standard (English) and Loksatta Jansatta (Gujarati) editions dated 11 April 2026.
• All electronic data and relevant records relating to remote e-voting are under the scrutinizer's custody and will be handed over to the Chairman authorised by the Board.

The scrutinizer's report was digitally signed by Umesh Ved (FCS No: 4411, COP No: 2924, UDIN: F004411H000338131) on 12 May 2026. The company secretary, Mr. Dipen Y Parikh (ACS: A24031), countersigned the report on 12 May 2026 from Ahmedabad.