Flair Writing Industries Limited submit the disclosure in annexure regarding order under Section 73 of CGST/SGST Act, 2017 by Office of Deputy Commissioner, Vikas Nagar, Sector-2: Dehradun, Uttarakhand. This is an order under Section 73 of the CGST/SGST Act, 2017 for payment of tax for the Fiscal Year 2018-19 aggregating to INR 2,462,014 /- including penalty and interest. Date of receipt of order/intimation Received on April 29, 2024.

The Company has received an order under Section 73 of the CGST/SGST Act, 2017 amounting to INR 2,462,014/- (Tax ­INR 1,244,782/- plus interest INR 1,092,754/- and penalty INR 124,478/-) as per order. The Company will challenge the same based on the advice from the legal counsels by way of filing its appeal/reply/submissions before the relevant authorities. There is no material impact on financials, operation or other activities of the Company due to this order of tax being payable.

The impact will be limited to the extent of final tax liability as may be ascertained along with interest and penalty, if any.