Alkem Laboratories Limited announced that the Company has received an Order-In-Appeal passed by statutory authority under the Goods and Services Tax Act, 2017. Name of Authority: Principal Commissioner of CGST & Central Excise (Appeals-II), Mumbai. Nature and details of the action(s) taken, initiated or order(s) passed: An Order-In-Appeal has been received for financial years 2014-2015, 2015-2016 and for the period April 2017 to June 2017 confirming the demand for service tax amounting to INR 91,605 along with a penalty of INR 101,605 and applicable interest under the applicable provisions of the Finance Act, 1994.

Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the authority: The Order-In-Appeal was received on 26th July 2024, through speed post. The demand order alleges levy of service tax on exempt income. The Company does not agree with the Order-In- Appeal and will contest the same.

There is no material impact on financial, operation or other activities of the Company.