Skipper Limited has received a demand order under the Central Goods and Services Tax (CGST) Act 2017 from tax authorities in Chhattisgarh. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Demand Order Details

The demand order was issued by the Office of Assistant Commissioner of State Tax, Korba-1, Raigarh Division, Chhattisgarh, under Section 73 of the CGST Act 2017. The order, referenced as 2D221225026392V, was dated December 19, 2025, and received by the company subsequently.

The total demand comprises multiple components as detailed below:

Company's Response and Impact Assessment

Skipper Limited has assessed the impact of this demand order on its operations. According to the company's disclosure, there is no material impact on the financial, operational, or other activities of the organization. The company has indicated its intention to challenge the demand through proper legal channels.

The company plans to file an appeal against the demand order within the stipulated timeframe as prescribed under the relevant tax regulations. This approach demonstrates the company's commitment to addressing the matter through established legal procedures.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations 2015. The company has also made this information available on its official website at https://www.skipperlimited.com/ for stakeholder access.

This regulatory filing ensures transparency and keeps investors and other stakeholders informed about material developments that could potentially affect the company's operations or financial position.

Skipper Limited has officially announced the results of its postal ballot conducted through e-voting, with shareholders demonstrating overwhelming support for the company's strategic financial enhancement initiatives. The results, declared on December 19, 2025, show strong confidence in the management's growth strategy with 95.08% approval for both critical resolutions.

E-Voting Results and Shareholder Participation

The postal ballot process concluded successfully with significant shareholder participation across all categories. A total of 280 members holding 79,979,449 fully paid-up equity shares cast their votes through the National Securities Depository Limited (NSDL) e-voting platform.

Resolution-wise Voting Results

Both special resolutions received identical approval rates, reflecting unanimous shareholder confidence in the company's financial strategy.

Resolution 1: Borrowing Power Enhancement Approval for increasing borrowing powers under Section 180(1)(c) of the Companies Act, 2013 to ₹8,000 crores received substantial support.

Resolution 2: Asset Mortgage Creation Approval for mortgage and/or charge creation on movable and immovable assets under Section 180(1)(a) of the Companies Act, 2013.

Regulatory Compliance and Process Details

The postal ballot was conducted in full compliance with the Companies Act, 2013 and SEBI regulations. The process followed guidelines prescribed by the Ministry of Corporate Affairs through various circulars issued for conducting postal ballot processes through e-voting.

Strategic Impact and Financial Enhancement

The approved resolutions significantly enhance Skipper Limited's financial flexibility by increasing the borrowing limit from ₹5,000 crores to ₹8,000 crores. This ₹3,000 crore enhancement positions the company for accelerated growth and expansion opportunities in India's infrastructure sector.

The mortgage creation approval aligns with the enhanced borrowing capacity, providing the company with comprehensive financial tools to support its strategic initiatives. The overwhelming shareholder support demonstrates strong confidence in the management's ability to utilize these enhanced financial capabilities effectively.

The successful completion of this postal ballot process, combined with the company's recent leadership enhancements including the appointment of Mr. Jalaj Kumar Malpani as Chief Operating Officer, strengthens Skipper Limited's foundation for future growth in the engineering and infrastructure sector.