Announcement under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

JK Agri Genetics received an Income Tax order on May 31, 2026, closing a long-running matter related to its FY 2017-18 return. The CIT (Appeals) upheld the disallowance of Rs 1.50 Crore in labour expenses under the DSIR's Form 3CL, even though DSIR had earlier reduced the original disallowance from Rs 6.59 Crore. The Assessing Officer has issued a final assessment order creating a total tax demand of Rs 0.78 Crore (including the weighted deduction impact of Rs 0.75 Crore). The company has decided not to contest further and has accepted the order. Importantly, the entire Rs 0.78 Crore demand has been adjusted against the company's available MAT credit, meaning there will be no cash outflow. No penalty or restriction has been imposed, and the matter is now closed.