Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

Taylormade Renewables (TRL) has disclosed that a GST registration issue at its Proddatur, Andhra Pradesh facility has been fully resolved. In March 2024, the company raised an invoice to client CVKCPL – KI JV and reported it in its GST returns, but payment from the client remained pending for over a year due to reasons beyond TRL's control, including a state government change, election-related model code of conduct, and internal delays at the client's end. Because no payment was acknowledged, the client's input tax credit was never claimed, creating a GST system mismatch that led to the automatic suspension of TRL's GST registration at that facility. As a precautionary step, the company issued a credit note reversing the original transaction, which will impact current financials as the previously recognized revenue has now been reversed. The company is engaging with the client to resolve the pending payment and hopes to reinstate the transaction.