Adani Power Limited received the Order in Appeal passed by the Joint Commissioner of State Tax, Bilaspur Division-2, Chattisgarh. The Company has received the Order in Appeal confirming demand of tax under Section 107 (11) of the CGST Act, 2017, towards GST liability under reverse charge mechanism of INR 5,724,778 interest demand of INR 924,273 and penalty demand of INR 572,478. Date of receipt of communication from the authority: 18 June, 2024.

There is no material impact on financial, no impact on operation or other activities of the Company due to the intimation of tax payable. These Orders are currently appealable & will make an assessment to exercise right to appeal.