Birla Corporation Limited has received an Order dated 6th June, 2024 passed by the Appellate Authority, State Tax, Udaipur pertaining to GST. Nature and details of the action(s) taken initiated or order(s) passed: Order passed confirming the demand pertaining to wrong availment of blocked ITC taken in GSTR-3B, for the period from April, 2018-March, 2019. GST: INR 4,33,927.

Interest: INR 2,29,980. Penalty INR 4,33,927. Details of the violation(s)/contravention(s) committed or alleged to be committed: Demand order raised on the Company alleging wrong availment of Blocked ITC as per Section 17(5) RGST/CGST Act 2017.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 10,97,834. The Company believes that the above demand is not maintainable and hence is in the process of preferring an appeal against the said order /demand.