Shree Cement Limited received GST demand order from the Assistant Commissioner, State Tax, Mohali, Punjab. Nature and details of the action(s) taken, initiated or order(s) passed by the authority Demand order in form GST DRC-07 issued imposing demand of INR 645,446/- along with interest of INR 567,992/- and penalty of INR 64,544/- Date of receipt of order is August 29, 2024. Details of the violation(s) /contravention(s) committed or alleged to be committed Ineligible ITC and ITC claimed on invoices of return defaulters/tax non payers.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible The order has no major financial impact on the Company. The contentions are not agreed and Appeal u/s 107 of PBGST Act will be filed on or before November 28, 2024 (within 3 months from the date of communication of order).