Torrent Pharmaceuticals Limited announced that an Order dated 22 April, 2024 was passed by Deputy Commissioner State Tax, Special Circle 1, Kunchanapalli, Andhra Pradesh. Nature and details of the action taken, initiated or order passed: Order passed under Section 73 of the Goods and Service Act, 2017, imposing a penalty of INR 538/-. The order alleges wrong availment of input tax credit in absence of document during Fiscal Year 2018-19.

The said Order does not have any material financial impact on the Company. This Order is currently appealable, and the Company will make an assessment to exercise the right to appeal.