Vaibhav Global Limited has received an order from the Office of the Joint Commissioner (SGST) State Tax, Commercial Taxes Department, Circle-H, Jaipur-II, Rajasthan. The details required under abovesaid regulations read with SEBI circular dated 13th July, 2023 is provided as under: Nature and details of the action(s) taken, initiated or order(s) passed; Order passed under section 73 read with section 50 of the Rajasthan/Central Goods and Services Tax Act, 2017 for tax demand/Interest/penalty aggregating to INR 338,778/-. Order dated 30 April, 2024 was received on 03 May, 2024.

Details of the violation(s)/contravention(s) committed or alleged to be committed: The Company has received the order for demand of tax for fiscal year 2018-19 amounting to INR 161,323 under section 73 of the RGST /CGST Act, 2017 along with Interest imposed under section 50 of RGST /CGST Act, 2017 amounting to INR 161,323/- and penalty of INR 16,132/-. The Company will challenge the order at the appropriate forum in accordance with the law.