Tata Consumer Products Limited announced that the Additional Commissioner of Central Tax & Central Excise, Kochi Commissionerate, issued an assessment order on May 2, 2024, imposing a penalty of INR 19,81,226/- on the company for denying GST input credit from the prior year under the CGST/Kerala GST Act, 2017. The company intends to appeal against this penalty. However, this action does not have a material impact on the financials, operations, or other activities of Tata Consumer Products Limited.

No explanation was provided for any delay in disclosing this information.