MANKIND Limited has received an order from Office of Superintendent of Central Tax, Bholakpur, Telangana ("Department") imposing a penalty of INR 40,000/- under applicable provisions of the CGST Act, 2017. The Company is examining the aforesaid Order received from the Department and shall take appropriate steps, including filing of an appeal if required. There is no material impact on financials, operations or other activities of the Company.

Based on the assessment of facts and prevailing law, the Company is of the view that the demand including penalty levied is arbitrary and unjustified. The Company is exploring various options available to take appropriate steps, including filing of an appeal if required. There is no material impact on financials, operations or other activities of the Company.

The Communication was received post working hours on May 31, 2024 and the concerned person who has received the email was travelling and accessed the email on June 3, 2024 and hence being reported on June 3, 2024.