UltraTech Cement Limited announced that the company has received an order from the Deputy Commissioner, Central Tax, Ernakulam, Kerala for demand of GST along with interest and penalty. Nature and details of the action taken, initiated or order passed by the authority: Demand for GST + Interest + Penalty. Date and Time of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 29 April 2024.

Details of the violation/contravention committed or alleged to be committed: Alleged non-reversal of ITC on Credit notes appearing in GSTR-2A; and Alleged incorrect availment of ITC claimed in GST Tran-1. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: GST (INR 751,309) + Interest + Penalty (INR 101,044).