Sun Pharmaceutical Industries Limited has received an order passed by statutory authority. Name of the authority: Jt. Commissioner, CGST and Central Excise, Mumbai.

Nature and details of the action(s) taken, initiated or order(s) passed: Penalty of INR 393,552,263 on the tax demanded. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: June 26, 2024. Details of the violation(s)/contravention(s) Committed or alleged to be committed: GST demand on settlement of damages with various Plaintiffs.

There is no immediate financial impact under this order as the Company is in the process of filing an appeal against this order.