Aditya Birla Fashion and Retail Limited announced it has received order pertaining to GST from the Special Commissioner, Appellate Authority, State Tax, Jaipur-II, Rajasthan on May 2, 2024. Nature and details of the action(s) taken, initiated or order(s) passed: Order in Form GST APL-04 dated May 2, 2024, imposing demand as under: Tax is INR 3,019,205. Interest is INR 2,989,013.

Penalty is INR 301,920. Total Demand is INR 6,310,138. Details of the violation(s) /contravention(s) committed or alleged to be committed: Demand order raised on the Company pursuant to conclusion of the Appeal proceedings, whereby the dispute relates to claim of input tax credit on the grounds of vendor default in non-filing of returns.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: There is no impact on financials, operations or other activities of the Company except to the extent of payment of INR 6,310,138. The Company believes that the said demand is not tenable. The Company is the process of evaluating suitable course of action against the said order.