Baba Food Processing (India) Limited — Important, 03-02-2026: Disclosure of material issue

Baba Food Processing (BABAFP) faced an Income-tax search and seizure operation at its Ranchi registered office and certain group entities from Jan 29 to Feb 2. Authorities seized records, documents, cash, and electronic data for further examination.

**Issue:** Income-tax search and seizure proceedings.

**Possible Impact:** While the company states no material adverse impact is expected on its financial position or operations at present, the full impact is yet to be assessed upon completion of further proceedings by tax authorities. No assessment order, demand, or penalty notice has been received so far.

**Company’s Response:** Baba Food Processing extended full cooperation to the authorities. The company is reviewing the matter, including the seized records, and plans to seek professional and legal advice. Business operations continue as usual. #BABAFP #CorporateNews #IncomeTax