Aditya Birla Fashion and Retail Limited has received orders pertaining to GST from the Office of Deputy Commissioner of State Office, Special Circle -1, Andhra Pradesh on April 15, 2024. Nature and details of the action(s) taken, initiated or order(s) passed: Order dated April 15, 2024 passed on completion of audit assessment for the Fiscal Year 2018-19, Fiscal Year 2019-20 & Fiscal Year 2020-21. Fiscal Year 2018-19: Tax: INR 1,50,94,731, Interest: INR 1,39,40,850, Penalty: INR 15,09,473, Total Demand: INR 3,05,45,054.

Fiscal Year 2019-20: Tax: INR 49,34,538, Interest: INR 36,13,703, Penalty: INR 4,93,455, Total Demand: INR 90,41,696. Fiscal Year 2020-21: Tax: INR 35,95,467, Interest: INR 19,88,211, Penalty: INR 3,59,547, Total Demand: INR 59,43,225. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority is April 15, 2024.

Details of the violation(s) /contravention(s) committed or alleged to be committed: This is an order on account of disputing the claim of input tax credit on various grounds, and difference between tax liability as per GST return filings i.e. GSTR 1 and tax liability as per GSTR 3B. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: There is no impact on financials, operations or other activities of the Company except to the extent of payment of INR 4,55,29,975. The Company believes that the said demand is not maintainable.

The Company is the process of evaluating suitable course of action against the said order.