Umang Dairies Limited informed that Goods and Service Tax Authority has imposed a penalty of INR 0.414 million at Gorakhpur, Uttar Pradesh, due to clerical error in mentioning Pin Code of Delivery Address on e-way Bill. ln this respect, the company further inform that the Additional Commissioner, Grade-ll (Appeal)-1 of State Tax, Gorakhpur, Uttar Pradesh vide its Order dated 4th April 2024 has rejected the appeal filed by the Company by treating the said mistake as violation of provisions/rules of Goods and Service Tax Act. The said Order had been uploaded on GST portal by the GST Department on 9th April 2024 from wherein the Company has come to know of this Order.

The Company will file appeal before the appropriate authority against the said Order within the specified timeline. There is no material impact on financial, operation or other activities of the Company.