Poonawalla Fincorp Limited announced Pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of SEBI Listing Regulations, the Company has received an Order from the office of Deputy Commissioner of State Tax Jabalpur Division-I, Madhya Pradesh imposing a penalty. The Company is reviewing the Order and evaluating the next steps in this matter. Nature and details of the action(s) taken, initiated or order(s) passed: Penalty of INR 21,340/- which is equal to 10% of Tax demand.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: July 04, 2024; Details of the violation(s)/contravention(s) committed or alleged to be committed Penalty of INR 21,340/- which is equal to 10% of tax demand. The said demand was levied alleging excess Input Tax credit availed in GSTR-3B in comparison with Form GSTR-2B of Fiscal Year 22-23.