Honasa Consumer Limited had received an Intimation order dated May 15, 2024 from the Deputy Director of Income Tax, CPC, Bengaluru, regarding Income Tax demand of INR 766,200 for the Assessment Year 2023-24 under Section 143(1) of the Income Tax Act, 1961 in the matter of Honasa Consumer Limited. Name of the authority: Deputy Director of Income Tax, Centralized Processing Centre ("CPC"), Bengaluru. CPC has processed ITR with the tax demand for Assessment Year 2023-24.

There is no material impact on the financials, no impact on operations and/or other activities of the Company due to the Order. The Company is going to file rectification application U/S 154 of the Income Tax Act, 1961 before the CPC.