CEAT Limited informed that Order confirming GST demand along with interest and/or penalty has been issued by the Deputy Commissioner of State Tax, Maharashtra. Nature and details of the action(s) taken, initiated or order(s) passed: The GST Department has passed an Order under Section 73 of the State Goods & Service Tax Act, 2017 in the state of Maharashtra, for the Financial Year 2018-19, disallowing Input Tax Credit of INR 1.494 million, where suppliers had not filed their GSTR-3B Returns and also levied interest of INR 1.613 million and penalty of INR 0.15 million on the Company. The Company is actively analyzing the matter and will be filing an appeal for the demand amount confirmed in the Order.

Copy of the communication from the Authority was received by the Officers of the Company as specified for the purpose under the Policy for Determining Materiality of Events, on April 4, 2024 at 10:37 p.m. Since the matter is being pursued against the Order, final impact on financial, operation or other activities may not be ascertainable as of now.