SAPPHIRE FOODS : SHOW CAUSE NOTICE RECEIVED

• Company received show cause notice from Deputy Commissioner DGSTO-4, Bengaluru, Karnataka • Notice dated September 25, 2026, relates to Karnataka GST Act 2017 for April 2022 to March 2023 • Amount due is INR 199.90 million for incorrect ITC availment and short payment of tax • Company states claim is not maintainable and no material impact on financials • Company is evaluating the notice and will respond Impact: Neutral (Company evaluating notice and asserts no material impact)

Sapphire Foods India Ltd

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