HDFC Life Insurance Company Limited has received a GST Order from Commercial Tax Officer, Central III, Tamil Nadu in the matter of erstwhile Exide Life Insurance Company Limited on April 22, 2024. Nature and details of the action(s) taken, initiated or order(s) passed: Nature GST Order Period involved April 1, 2018 to March 31, 2019. Tax demand: INR 88 (Rupees Eighty Eight Only).

Interest: INR 0.321 million. Penalty: INR Nil. Date of receipt of direction or order including any ad-interim or interim orders or any other communication from the Authority; April 22, 2024.

Details of the violation(s)/contravention(s) committed or alleged to be committed; Allegations: Short reversal of Input tax credit on exempted turnover. Demand of Interest is towards short payment of output liability despite being discharged through electronic credit ledger. Remark: The said order is appealable before the Appellate Authority.

The Company will file its appeal within the specified period. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: None.