Godfrey Phillips India Limited received the three Orders noticed on and downloaded from the Goods and Services Tax portal. Order No. 1: Name of the authority: Office of the Assistant Commissioner of State Tax, Mumbai.

Order passed for demand of GST with interest and imposing penalty of INR 2,774,773 under the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 read with the Integrated Goods and Services Tax Act, 2017. Order No. 2: Name of the authority: Office of the Deputy Commissioner of State Tax (Business Audit Wing), Jaipur.

Order passed for demand of GST with interest and imposing penalty of INR 135,888 under the Central Goods and Services Tax Act, 2017 and the Rajasthan Goods and Services Tax Act, 2017 read with the Integrated Goods and Services Tax Act, 2017. Order No. 3: Name of the authority: Office of the Joint Commissioner of State Tax, Jaipur.

Order passed for demand of GST with interest and imposing penalty of INR 226,449 under the Central Goods and Services Tax Act, 2017 and the Rajasthan Goods and Services Tax Act, 2017. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 1 May 2024. Details of the violation(s) /contravention(s) committed or alleged to be committed: Alleged wrong availment and utilization of Input Tax Credit (ITC) under the GST laws.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The Orders have no material impact on the financials, operations or other activities of the Company. The Company is evaluating all options including filing appeals against the Orders.