SUNDROP BRANDS : RECEIVES SHOW CAUSE NOTICE FROM DEPUTY COMMISSIONER (SGST), GHAZIABAD

• Company received a show cause notice (SCN) from Deputy Commissioner (SGST), Ghaziabad, Uttar Pradesh, dated Sep 29, 2026. • The SCN is based on scrutiny of GST returns for FY 2022-23 and raises a GST demand of ₹26,37,65,281.41/- and a penalty of ₹2,39,78,661.93/- • The company is in the process of replying to the SCN and contests the demand based on prior discharge of GST liability. • The company expects no immediate financial, operational, or other implications. Impact: Neutral (Routine regulatory filing concerning GST scrutiny; company is responding to the notice.)

Sundrop Brands Ltd

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