On January 3, 2025 ICICI Bank Limited has received an Order from Maharashtra Goods and Services Tax Department raising GST demand of INR 503,809,792/- and equivalent amount of penalty and interest as applicable. The Bank will take appropriate steps, including contesting the order through an appeal within prescribed timelines. Nature and details of the action(s) taken, or order(s) passed: Order in Original under section 74 of Central Goods and Services Tax Act, 2017 (CGST Act, 2017) Levy of tax under section 7(4) of IGST Act, 2017 Impact on financial, operation or other activities of the Bank, quantifiable in monetary terms to the extent possible GST demand of INR 503,809,792/-.

Penalty of INR 503,809,792/- Interest - as applicable.