Storage Technologies & Automation Limited has received a GST order from the Karnataka GST Department for FY2021-22, with total financial implications of ₹2,30,584. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Regulations on December 22, 2025.

GST Order Details

The order was received on December 18, 2025, from the Deputy Commissioner, DGSTO-S, Bengaluru, Karnataka, under Section 73 of the KGST Act. The company had initially filed the disclosure on December 20, 2025, but provided updated details in a subsequent filing dated December 22, 2025.

Nature of Violation

The GST order pertains to excess Input Tax Credit (ITC) claims made by the company during FY2021-22. The violation involves specific steel products that form part of the company's business operations.

Products Involved:

• Sheet Piling of Iron or Steel (whether or not drilled, punched or made from assembled elements)
• Welded Angles, Shapes and Sections of Iron or Steel

Regulatory Timeline and Compliance

The company received a Show Cause Notice dated September 25, 2025, prior to the final order. The penalty has been imposed in accordance with Section 73(9) of the Karnataka Goods and Service Tax Act, 2017 (KGST Act) and the Central Goods and Service Tax Act, 2017 (CGST Act), along with relevant sections of the GST (Compensation) Act, 2017.

In its updated disclosure, the company acknowledged a delay in filing the order, explaining that officials were internally evaluating the impact and finalizing the further course of action. The company noted that as per Schedule III, Part A, Clause 20(v)(ii) of the SEBI (LODR) Regulations, 2015, disclosure of fines or penalties below ₹1,00,000 are required to be disclosed on a quarterly basis, making this intimation voluntary.

Company's Response

Storage Technologies & Automation has indicated that it does not foresee any impact on the financial operation or other activities of the company from this GST order, describing it as not material. The company has stated it is examining the order and will take appropriate steps as required.

The information has been hosted on the company's website at www.racksandrollers.com in compliance with Regulation 46 of the Listing Regulations. The disclosure was signed by Cauveramma BB, Company Secretary and Compliance Officer.

Storage Technologies & Automation Limited has disclosed another share acquisition by its Promoter and Chairman, Hanif Abdul Gaffar Khatri, through open market transactions conducted on December 23-24, 2025. This latest acquisition involved 16,800 equity shares, representing 0.13% of the company's total paid-up share capital, marking the second such transaction within a week.

Latest Transaction Details

The recent share acquisition was executed across two trading sessions with specific quantities purchased on each date:

Updated Shareholding Pattern

Following this latest acquisition, the promoter's shareholding has increased further. The updated shareholding position shows:

Previous Acquisition Activity

This follows a similar acquisition made earlier in December, where the promoter had acquired 16,800 shares on December 18-19, 2025, which had increased his holding from 36.44% to 36.57%. The consistent acquisition pattern demonstrates the promoter's continued confidence in the company's prospects.

Company Share Capital Structure

Storage Technologies & Automation Limited maintains a total equity share capital of ₹12.84 crores, comprising 1,28,40,000 equity shares of ₹10.00 each. The company's shares are listed on BSE Limited with scrip code 544171, and the total share capital remained unchanged following this acquisition.

Regulatory Compliance and Declaration

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Hanif Abdul Gaffar Khatri declared that the acquisition was made without possession of any unpublished price sensitive information (UPSI), as defined under SEBI (Prohibition of Insider Trading) Regulations, 2015. The required documentation was submitted to BSE Limited and the company's compliance officer on December 24, 2025.