SKM Egg Products Export (India) Limited submitted the disclosure regarding the Assessment Order received for the Assessment Year-2021-22. Name of the Authority: Assistant commissioner of Income tax, Central Circle, Salem. Nature and details of the action(s): Order passed under 143(3) of the Income Tax Act 1961 demanding a sum of INR 2,11,52,360/- (Including Interest).

Date of receipt of communication: 4th January, 2024. Details of the violation(s) /contravention (s) committed or alleged to be committed: Disputed additions to the taxable income. Impact on financial, operation or other activities of the listed entity: The Maximum financial impact is to the extent of the tax Demand including interest and the Penalty proceedings kept in abeyance.

Explanation(s) for delay in disclosure: The Company was reviewing the order and filed appeal on the basis of strong facts and legal conclusion in favour of the company.