V R Infraspace Limited informed that the Company has received an Intimation of liability under Section 73(5) of the Central Goods and Services Tax Act, 2017 for Fiscal Year 2019-20 dated May 13, 2024. Further, The Company is evaluating the said intimation and will take appropriate actions in due course. Name of the Authority: Assistant Commissioner of State Tax, Ghatak 41 (Vadodara), Range -10: Division 5: Gujarat; Nature and details of the action(s) taken, initiated or order(s) passed: The Company received on, May 13, 2024, an Intimation of liability under Section 73(5) of the Central Goods and Services Tax Act, 2017 for Fiscal Year 2019-20 dated May 13, 2024 from the Assistant Commissioner of the State Tax, Vadodara, to pay the tax along with the applicable interest u/s 50 and penalty u/s 73(9).

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Intimation of liability under Section 73(5) of the Central Goods and Services Tax Act, 2017, dated May 13, 2024 was received on May 13, 2024. Details of violation(s) /contravention(s) committed or alleged to be committed: Issue relating to Excess claim of ITC, and hence, there is a tax liability of INR 1.846 million (including penalty & Interest) for Financial Year 2019-20 on the Company. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The Company is in the process of taking appropriate actions in this regard.

There is no impact on financials, operations or any other activities of the Company.