Restaurant Brands Asia Limited has received an Order under Central Goods and Service Tax Act, 2017 and Delhi Goods and Service Tax Act, 2017. The details of the said Order are as follows: Name of the authority: Department of Trade & Taxes, Government of N.C.T. of Delhi. Nature and details of the action(s) taken, initiated or order(s) passed Order passed under Section 73 of the Central Goods and Service Tax Act, 2017 and Delhi Goods and Service Tax Act, 2017 for an amount of INR 12,71,147/- including penalty of INR 62,479/- and applicable interest.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: The Order was sent by the authority on April 30, 2024 late evening and read by the Company on May 2, 2024, being the first working day of the Company after the order sent by the authority. Details of the violation(s)/contravention(s) committed or alleged to be committed: As per the order received by the Company, the details of violation are as below: a) short/non-payment of GST dues pertaining to 2018-19; and b) Input-tax credit claimed from cancelled dealers. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Based on the Company's assessment, the Company reasonably expects a favourable outcome at the Appellate level.

There is no material impact on financial, operation or other activities of the Company due to the intimation of tax demanded vide said Order. The Company would challenge the said order before the Appellate Authority.