United Van Der Horst Ltd — Important, 29-09-2025: Company Update

Date: 29-09-2025

To,

The General Manager, Listing Department

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai- 400 001

Scrip Code: 522091

Subject: Disclosure under Regulation 30 of Securities and Exchange Board of India

(Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is with reference to the aforementioned subject, We would like to wherein it was, inter

alia, informed that United Van Der Horst Ltd (‘the Company’) had received a Show Cause

Cum Demand Notice (‘the said notice’) on September 28, 2025, the office of the Commissioner,

of CGST & C.EX, Audit Raigad Commissionerate, Maharashtra, under Central Goods and

Services Act, 2017 (CGST Act) and the Maharashtra Goods and Services Act, 2017 (MGST Act)

In terms of SEBI Circular No. SEBI /HO /CFD /CFD-PoD1 /P /CIR /2023 /123 dated July 13,

2023, read with the SEBI Master Circular No. SEBI /HO / CFD /PoD2 / CIR /P / 0155 dated

November 11, 2024, as amended, and pursuant to Regulation 30 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular No.

SEBI /HO /CFD /CFD-PoD-2 /P /CIR /2025 /25 dated February 25, 2025 and the Industry

Standards Note on Regulation 30 of the SEBI LODR Regulations, the requisite information to

be disclosed to the Stock Exchanges is enclosed herewith as Annexure – A.

For and on behalf of

United Van Der Horst Ltd.

Kalpesh Kantilal Shah

Chief Financial officer

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Annexure-A

Particulars Details

1. Brief details of litigation viz. name(s) of

the opposing party, court/ tribunal/

agency where litigation is filed, brief

details of dispute/litigation.

On September 28, 2025, United Van Der Horst

Ltd (‘Company’) has received a Show Cause

cum Demand Notice issued by Additional

Commissioner CGST & C. Ex, Audit Raigad

against erstwhile United Van Der Horst

Limited (‘UVDHL’).

The Company has been directed to show

cause to the Joint/Additional Commissioner

of CGST & Central Excise, Raigad

Commissionerate within 30 days of receipt on

the below mentioned points –

i. Input Tax Credit (ITC) totalling Rs.

3,39,74,444 (across multiple instances

involving CGST, SGST, and IGST

Matter) should not be demanded and

recovered under Section 74(1) of the

CGST Act, 2017, read with the relevant

provisions of the Maharashtra GST

Act and the IGST Act.

ii. Interest at the appropriate demand at

(i) above should not be demanded and

recovered under section 50 of the

CGST Act, 2017 read with similar

provisions of the Maharashtra Goods

and Services Tax Act,2017 and read

with Section 20 of the IGST Act, 2017.

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2. Expected financial implications, if any, due

to compensation, penalty etc./quantum of

claims, if any.

The Company is in the process of filing its

detailed reply to the said SCN before the

Adjudicating Authority and remains

confident of substantiating its position. At

present, there is no material impact on the

financial, operational, or other activities of the

Company arising from the SCN, except to the

extent of the demand proposed therein, which

the Company believes is not sustainable.

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