Visaka Industries Limited has submitted a revised disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, following guidance from BSE Limited received on March 27, 2026. The revised submission provides additional details about the income tax assessment order for Assessment Year 2024-25, which includes a demand notice of ₹92,79,530.

Regulatory Compliance Update

The company filed the revised disclosure in response to BSE's email dated March 27, 2026, concerning the corporate announcement originally submitted on March 25, 2026. The updated information follows SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring comprehensive regulatory compliance.

Assessment Order Comprehensive Details

The Income Tax Department's Assessment Unit issued the order under Section 143(3) read with Section 144B of the Income-tax Act, 1961, for Assessment Year 2024-25. The department has raised a demand of ₹92,79,530 through a Notice of Demand under Section 156 of the Income-tax Act, 1961. Additionally, penalty notices have been issued in respect of additions to the income stated in the assessment order.

Company's Strategic Response

Visaka Industries has stated that it does not concur with the observations and additions made in the assessment order. The company is currently evaluating the order and believes it has adequate legal and factual grounds to contest the department's findings. Management plans to take necessary steps, including filing an appeal before the appropriate authority.

Financial Impact Assessment

Despite the ₹92.79 lakh demand, the company has clarified that the matter does not have any material adverse impact on its financial position, operations, or other activities. This assessment suggests the company views the tax dispute as manageable within its current operational framework.

The revised disclosure demonstrates the company's commitment to maintaining transparency with stakeholders and ensuring full compliance with SEBI listing regulations and BSE requirements.

Visaka Industries Limited has issued formal communications to investors regarding unclaimed dividends lying in the company's unpaid dividend accounts. The company sent both email and postal reminders to shareholders, urging them to claim their pending dividend amounts before the statutory deadline.

Regulatory Compliance Communication

Pursuant to Regulation 30 read with Schedule III Part A Para A and Regulation 47 of SEBI (LODR) Regulations, 2015, the company dispatched communications on February 21, 2026 via email and February 23, 2026 through inland letters. These communications were sent to investors whose dividends remain unclaimed in the company's unpaid dividend accounts.

Legal Requirements and Deadlines

Under the provisions of Section 124(5) of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, unclaimed dividends must be transferred to the Investor Education & Protection Fund (IEPF) after remaining unpaid for seven years. Additionally, Section 124(6) mandates that shares corresponding to unclaimed dividends for seven consecutive years must also be transferred to IEPF.

The company has specifically highlighted a critical deadline for shareholders:

Claim Process for Shareholders

To claim unclaimed dividends, shareholders must provide specific documentation and follow established procedures. The company has outlined clear steps for investors to recover their pending dividend amounts.

Required Documentation:

• Original outdated dividend warrants
• Indemnity bond on Rs.20/- non-judicial stamp paper (if warrants are not traceable)
• Valid bank account details
• Photocopy of cancelled cheque leaf
• Attested copies of identity proof (Passport/Voter ID/PAN Card/Driving License)

Processing Details:

• Claims should be sent to KFin Technologies Ltd, the company's Registrar and Transfer Agent
• Address: Selenium Tower B, Plot Nos. 31 & 32, Financial District Nanakramguda, Serilingampally Mandal, Hyderabad - 500032
• Payment will be made through electronic transfer
• Signatures must match specimen signatures registered with the company

Company Information

Visaka Industries Limited operates from its registered and corporate office at Visaka Tower, S.P. Road, Secunderabad. The communication was signed by Ramakanth Kunapuli, Assistant Vice President and Company Secretary, emphasizing the company's commitment to regulatory compliance and shareholder service.

The company maintains multiple manufacturing facilities across India, including divisions for asbestos cement products, textiles, and V-boards, with locations spanning Tamil Nadu, Maharashtra, West Bengal, Karnataka, Uttar Pradesh, Andhra Pradesh, Odisha, Telangana, and Haryana.