Elecon Engineering Company Limited has secured a favorable outcome in its GST-related appeal case, receiving approval from the Office of the Deputy Commissioner of State Tax (Appeal), Vadodara on January 7, 2026. The company disclosed this development to stock exchanges on January 8, 2026, in compliance with SEBI listing regulations.

Case Background and Resolution

The appeal was filed against an order passed by the State Tax Officer, Mobile Squad Dahod, Division-5, Vadodara, regarding the detention of a transport vehicle. The detention occurred because the transporter failed to produce the prescribed documents under Section 129 of the CGST Act. The Deputy Commissioner of State Tax (Appeal) has now approved the company's appeal application, ruling in favor of Elecon Engineering.

Financial Impact and Penalty Details

The case involved significant financial implications for the company, as detailed in the regulatory filing:

The company had paid the penalty amount of ₹14,01,764 under dispute to secure the release of the detained transport vehicle. With the favorable ruling now in place, this penalty amount is expected to be refunded to the company.

Regulatory Compliance and Timeline

Elecon Engineering had initially informed the stock exchanges about this matter on March 26, 2025. The company received the favorable order on January 7, 2026, and promptly disclosed the outcome to BSE and NSE on January 8, 2026, demonstrating adherence to regulatory disclosure requirements under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Business Operations Impact

According to the company's filing, the favorable order has no negative financial implications on the company's operations or other activities. The resolution of this GST-related matter removes a regulatory overhang and positions the company to recover the penalty amount paid during the dispute period. This outcome reflects positively on the company's compliance management and legal strategy in handling regulatory challenges.

Elecon Engineering Company Limited has scheduled an earnings conference call to discuss its financial performance for the third quarter of fiscal year 2026. The company informed stock exchanges about this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The earnings call is organized by Elara Securities (India) Private Limited and will take place on Friday, January 9, 2026. The session will focus on discussing the company's financial performance for both the quarter and nine months ended December 31, 2025.

Management Participation

The conference call will feature key members of Elecon Engineering's senior management team who will provide insights into the company's quarterly performance and business operations.

Participating Executives:

• Mr. Deepak Dalwadi - Head of Gear Division
• Mr. Kaushik Patel - Head of Material Handling Equipment Division
• Mr. Narasimhan Raghunathan - Chief Financial Officer

Access Information

The company has provided comprehensive access details for participants across different time zones. International participants can join through various toll-free numbers, while universal dial-in numbers are also available for broader accessibility.

Time Zone Conversions:

• 10:30 AM (UK)
• 6:30 PM (Singapore, Hong Kong)
• 5:30 AM (East Coast, US)
• 2:30 AM (West Coast, US)

Regulatory Compliance

The announcement was made through proper regulatory channels, with notifications sent to both BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Bharti Isarani signed the official communication, ensuring compliance with listing obligations and disclosure requirements.

This earnings call represents part of Elecon Engineering's regular investor communication schedule, providing stakeholders with direct access to management insights and financial performance updates for the third quarter of fiscal year 2026.