Vedant Fashions Limited received Order under Rule 142(3), Form DRC - 05, of the Central Goods and Services Tax Act, 2017 (`CGST Act, 2017'), from the Office of State Tax Officer, State GST, Bhopal, Circle - 4, Madhya Pradesh (`the Authority'). Name of the authority Office of State Tax Officer, State GST, Bhopal, Circle - 4 Madhya Pradesh. Received by email on May 11, 2024; Although the Company was informed about the above order by email on May 11, 2024 (Saturday - a non-working day), the said order was advised to be downloaded from the prescribed path from the GST portal, which could be downloaded by the Company on the next working day i.e., May 13, 2024 in the evening.

Therefore, the Company is submitting the disclosure for the same on May 14, 2024 post receipt of the order. The Company has received an order dated May 11, 2024 from the Authority with Nil demand against their earlier allegation that the Company had availed excess Input Tax Credit. Since the order is in favour of the Company, there is no impact on the financial, operation or other activities of Company.