Voltas Limited has received a significant customs order demanding substantial financial penalties related to alleged import mis-classification issues spanning nearly three years.

Customs Order Details

The Office of the Commissioner of Customs at Jawaharlal Nehru Custom House, Nhava Sheva, issued an order on March 27, 2026, imposing financial obligations on Voltas under the Customs Act, 1962. The order addresses alleged violations pertaining to imports made between June 14, 2019 and July 21, 2022.

Nature of Alleged Violations

The customs authority has alleged mis-classification of certain imported goods during the specified period. The penalty of ₹12.76 crores has been imposed under relevant provisions of the Customs Act, 1962, alongside the demand for differential customs duty payment.

Company's Response and Action Plan

Voltas received the order on March 27, 2026 at 11:19 AM and has been analyzing its contents over the weekend. The company has outlined its planned response to address the customs order:

• Analysis of the order provisions and allegations
• Filing an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT)
• Taking appropriate legal course of action to contest the order

Financial and Operational Impact

Despite the substantial monetary amounts involved in the customs order, Voltas has stated that there is no material impact on the company's financials, operations, or other activities. The company disclosed this information in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The disclosure was made on March 30, 2026, being the first working day after the company completed its analysis of the order received on Friday. This filing demonstrates Voltas' adherence to regulatory requirements for timely disclosure of material developments to stock exchanges.

Voltas Limited has announced the reopening of a special window for physical share transfer and dematerialisation, following regulatory guidelines from the Securities and Exchange Board of India (SEBI). The company disclosed this development through newspaper advertisements published on March 18, 2026, in compliance with listing regulations.

Regulatory Disclosure and Timeline

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Voltas published advertisements in Business Standard (all editions) in English and Sakaal (Mumbai) in Marathi. The disclosure was made through a formal communication to both BSE Limited and National Stock Exchange of India Limited on March 18, 2026.

The special window operates from February 5, 2026 to February 4, 2027, based on SEBI Circular dated January 30, 2026. This one-year facility aims to facilitate shareholders who missed earlier deadlines for physical share transfers.

Eligibility Criteria and Requirements

The special window accommodates specific categories of shareholders with clear eligibility parameters:

Eligible investors must possess original share certificates and transfer deeds executed prior to April 1, 2019. The facility specifically targets shares that were sold, delivered, or pledged before the April 1, 2019 deadline but were either not lodged for transfer or were previously rejected due to documentation deficiencies.

Process and Documentation

Shareholders seeking to utilise this facility must submit necessary documents to the company's Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The designated unit for Voltas Limited is located at C-101, Embassy 247, L B S Marg, Vikhroli (West), Mumbai - 400083.

For assistance, investors can contact the helpline at +91 811 811 8484 or email investor.helpdesk@mps.mufg.com . The company has made the relevant SEBI Circular available on its website at www.voltas.com for detailed reference.

Transfer Conditions and Restrictions

Shares processed through this special window will be credited exclusively in dematerialised form, subject to specific restrictions:

• Lock-in Period: One year from the date of registration of transfer
• Transfer Restrictions: Shares cannot be transferred during the lock-in period
• Pledging Limitations: Lien-marking and pledging are prohibited during the lock-in period

These conditions ensure compliance with SEBI guidelines while providing shareholders with an opportunity to regularise their holdings that were affected by the April 1, 2019 deadline.

Corporate Communication

The disclosure was signed by Ratnesh Rukhariyar, Company Secretary & Compliance Officer, and digitally authenticated on March 18, 2026. Voltas Limited, a TATA Enterprise, maintains its registered office at Voltas House 'A', Dr Babasaheb Ambedkar Road, Chinchpokli, Mumbai 400 033, with Corporate Identity Number L29308MH1954PLC009371.