Dhanuka Agritech Limited has received a significant demand order from the State Goods Services Department, Government of Rajasthan, Jaipur, as disclosed in a regulatory filing. The company informed stock exchanges about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Demand Order Details

The demand order carries substantial financial implications for the agrochemical company. The breakdown of the total demand is presented below:

Alleged Violations

The Rajasthan GST authorities have raised the demand based on two primary allegations:

• Directors' Remuneration: The company allegedly failed to pay GST on certain components of directors' remuneration and commission
• Miscellaneous Receipts: There has been alleged short payment of GST on miscellaneous receipts

Company's Response and Assessment

Dhanuka Agritech has taken a firm stance against the demand order. The company's management has assessed the demand as not maintainable and is actively evaluating all available legal options. The primary course of action being considered includes filing an appeal against the order issued by the State Goods Services Department.

Financial Impact Assessment

Despite the substantial amount involved in the demand order, the company has provided reassurance regarding its operational continuity. Based on internal assessment, Dhanuka Agritech does not envisage any relevant impact on its financials, operations, or other business activities. This suggests the company's confidence in successfully challenging the demand through appropriate legal channels.

The disclosure demonstrates the company's commitment to transparency and regulatory compliance by promptly informing stakeholders about material developments that could potentially affect investor interests.

Dhanuka Agritech Limited has announced a key senior management appointment, strengthening its quality management capabilities with the addition of an experienced industry professional.

Senior Management Appointment

The company has appointed Mr. Mahesh Parshuram Sonawane as General Manager-Quality, effective December 15, 2025. The appointment was formally communicated to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Sonawane brings substantial industry expertise to his new role, with over 22 years of extensive experience in Quality Management across leading organizations in the agrochemical sector.

Educational Qualifications

He holds a Master of Science (M.Sc.) degree in Chemistry with a specialization in Pesticides and Agrochemicals from North Maharashtra University, providing him with strong technical foundation relevant to the company's business operations.

Industry Experience

Throughout his career, Mr. Sonawane has held senior leadership positions at several reputed organizations in the agrochemical industry:

• Atul Limited
• Syngenta India Limited
• Bayer CropScience Ltd

Areas of Expertise

Mr. Sonawane's professional expertise encompasses multiple critical areas of quality management:

• Strategic Quality Assurance in crop protection business
• Contamination prevention protocols
• Packaging effectiveness optimization
• Collaboration in new product introductions
• Laboratory management
• Delivering high-impact quality outcomes

This appointment reflects the company's commitment to maintaining high quality standards and strengthening its operational capabilities in the competitive agrochemical market.