Coromandel International Limited announced order passed by the Additional Commissioner, Office of The Principal Commissioner Of Central Tax, Visakhapatnam Central GST Commissionerate-530035. Nature and details of the action(s) taken, initiated or order(s) passed: Demand order for the period 2017-18 to 2021-22 under Section 74 of the CGST /APGST Act, 2017 read with corresponding provisions of the IGST Act, 2017 for tax amounting INR 766,325,187 along with equivalent penalty and applicable interest as per section 50 of the CGST Act,2017. Demand order for the period 2017-18 to 2021-22 under Section 74 of the CGST /APGST Act, 2017 read with corresponding provisions of the IGST Act, 2017 for tax amounting INR 31,002,218 along with equivalent penalty and applicable interest as per section 50 of the CGST Act,2017.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Both orders received on 5 February 2025. Details of the violation(s)/contravention(s) committed or alleged to be committed: First order alleged that wrong availment of ITC, non- payment/short payment of GST, GST is leviable on Urea Handling Charges reimbursed by the Government, Dispatch earnings and availment of alleged ineligible credit etc. Second order demanded the reversal of wrong availment of GST Input Tax Credit to the extent of Process/Handling Loss of Inventory during the Manufacture/Import.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: At this juncture, the demand orders shall have no material impact on the financials, operations or other activities of the company. The company believes that it has a strong case to defend before the appropriate appellate forums.