Travel Food Services Limited has announced the resignation of a senior managerial personnel from its leadership team. The company informed the stock exchanges about this corporate development in compliance with regulatory requirements.

Resignation Details

Mr. Conrad Alves, Vice President-Human Resources, has tendered his resignation from his position as a Senior Managerial Personnel of the company. The resignation letter was dated December 20, 2025, and was received by the company on December 21, 2025.

The following table summarizes the key details of the resignation:

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation information has also been uploaded on the company's website at www.travelfoodservices.com as required under the SEBI Listing Regulations.

The disclosure follows the requirements specified in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete transparency regarding changes in senior managerial positions.

Company Secretary Communication

The intimation was signed by Ms. Neeta Arvind Singh, Company Secretary and Compliance Officer, who communicated the resignation details to both BSE Limited and The National Stock Exchange of India Limited. The company trades under scrip code 544443 on BSE and TRAVELFOOD on NSE.

This resignation represents a change in the senior management structure as Mr. Alves transitions to pursue new career opportunities outside the organization. The company has provided the mandatory three-month notice period, with the resignation taking effect from March 13, 2026.

Travel Food Services Limited has disclosed receiving a significant tax demand order from the Office of the Commissioner of CGST and Central Excise, Mumbai Central, Mumbai. The regulatory filing under SEBI Listing Regulations reveals substantial financial implications for the quick service restaurant company.

Tax Demand Details

The company received an order which includes multiple financial components:

Nature of Allegations

The tax demand stems from alleged discrepancies in the company's tax compliance. The authorities have cited variance in tax liability due to:

• Mismatched Input Tax Credit (ITC) between returns versus GST portal/GSTR-9
• Alleged excess ITC availment
• Other related compliance issues

These allegations form the basis of the substantial financial demand imposed by the CGST authorities.

Company's Response and Position

Travel Food Services has maintained a firm stance regarding the tax order. The company's management believes the order was passed without taking into consideration the complete facts of the matter as submitted by them. Key aspects of the company's position include:

• Strong belief in the merits of their case
• Assessment that the demand has no material impact on financial operations
• Confidence that operational activities remain unaffected
• Commitment to taking appropriate legal action

Planned Course of Action

The company has outlined its strategic response to address the tax demand:

• Comprehensive evaluation of the order is currently underway
• Filing an appeal against the order with relevant authorities
• Pursuing all available legal remedies under applicable laws
• Ensuring compliance with regulatory disclosure requirements

Travel Food Services plans to file an appeal, citing strong case merits.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has also been uploaded on the company's website at www.travelfoodservices.com , ensuring transparency with stakeholders.

The company's proactive approach to regulatory compliance demonstrates its commitment to maintaining transparency while addressing the tax authorities' demands through appropriate legal channels.