Bajaj Electricals Limited has received an order dated April 27, 2024, from the Office of the Deputy Commissioner State Tax, Sector-1, Dehradun, Uttarakhand (GST Authority), issued under Section 73 of the Uttarakhand State Goods and Services Tax Act, 2017 (UKGST), read in conjunction with the relevant sections of the CGST Act, 2017 and the IGST Act, 2017, involving an alleged total demand (aggregating to INR 2.277 million) for Fiscal Year 2018-19, on the following grounds against the Company: alleged short payment of tax between the GSTR-3B and GSTR-1; alleged reversal of Input Tax Credit (`ITC'); alleged excess availment of ITC under GSTR-9; alleged short payment of tax as per Table 9 of GSTR 9; alleged interest on ITC reversal declared in Table 12 of GSTR 9, which includes a general penalty of INR 0.207 million (Order). The Company is currently exploring various legal options and necessary steps, including challenging the said Order issued by the GST Authority before the relevant appellate authority. Please note that there is no impact on financial operations or any other activities of the Company due to this Order.