Zydus Wellness Limited announced that the company, has received an Order of assessment from the Assistant Commissioner (ST)(FAC), Vanasthalipuram-I Circle, Saroor Nagar Division, Hyderabad under section 73 of the Central Goods and Services Tax Act, 2017 (the Act) read with rule 142 of CGST Rules, 2017 (the Rules) alleging excess claim of input tax credit of INR 400,000 (including penalty of INR 40,000) for fiscal year 2018-2019. Name of the Authority: Assistant Commissioner (ST)(FAC), Vanasthalipuram-I Circle, Saroor Nagar Division, Hyderabad. Nature and details of the action(s) taken, initiated or order(s) passed: Order in Form DRC-07 under section 73 of the Act read with rule 142(5) of the Rules for fiscal year 2018-2019.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 20, 2024; Details of the violation(s)/contravention(s) committed or alleged to be committed: Excess claim of input tax credit of INR 400,000 (including penalty of INR 40,000).