ICICI Securities Limited informed that the Company has received order under section 73, 50 & 122 of Central Goods Service Tax Act, 2017 from the office of the Deputy Commissioner, State Goods and Service Tax Department, Rajasthan on March 19, 2024. In the said order, the authority has demanded GST along with interest and penalty. The Company has a strong case to defend the matter before the Appellate Authorities and shall file an appeal against the said order before the Commissioner (Appeals) within prescribed timelines.

Goods and Service Tax INR 511,332, Interest: INR 552,239, Penalty: INR 51,333. Total: INR 1,114,704.