Aditya Birla Fashion and Retail Limited has received order pertaining to GST from the Office of Joint Commissioner of Central Tax, GST Commissionerate, Bengaluru East, Karnataka on April 25, 2024. Order dated April 17, 2024 received on April 25, 2024 passed on reply to Show cause notice issued for the Fiscal Year 2018-19: Tax: INR 36,664,846, Interest: Not quantified in the said order. Penalty: INR 3,666,484.

Total Demand: INR 40,331,330. This is an order on account of disputing the claim of input tax credit on account of difference between ITC availed in GSTR 3B and ITC available in GSTR 2A. There is no impact on financials, operations or other activities of the Company except to the extent of payment of INR 40,331,330.