Suvidhaa Infoserve Limited has received a Show Cause Notice from Assistant Commissioner of State Tax, Maharashtra under Section 73 of Maharashtra GST Act, 2017, for tax period 2019-20 amounting to INR 20,109,052 as to why GST along with the amount of applicable interest and penalty under Section 73 of Maharashtra GST Act, 2017 should not be recovered. The Company will challenge the same based on strong merits by way of filing its reply/submissions, before the relevant authorities. Date of receipt of direction: May 29, 2024.

There is no impact on financial, operation or other activities of the Company due to this intimation of tax being payable.