COCHIN MINERALS AND RUTILE LIMITED : RECEIVED STAY ORDER ON ₹120.26 CRORE TAX DISPUTE

• The company received a 'Stay Order' on September 25, 2026, from the Hon'ble High Court of Kerala. • This order is in connection with a show cause notice issued by the Additional Commissioner (AUDIT), audit commissionerate, Kochi. • The dispute relates to the HSN classification of products for financial years 2020-21 to 2023-24, involving a tax amount of ₹120.26 crores. • The company filed a writ petition challenging the show cause notice. • The High Court of Kerala stayed the operation, implementation, and all further proceedings pursuant to the show cause notice dated July 31, 2026. • The company is not expecting any impact on its financial or operational activities at present. Impact: Neutral (Legal proceedings ongoing; stay order received, company expects no immediate impact.)

Cochin Minerals & Rutiles Ltd-$

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