Indus Towers Limited announced that Action(s) initiated or orders passed by any regulatory/statutory/enforcement authority or judicial body. Name of the authority: Additional Commissioner of State Tax (Appeal) Nature and details of the action(s) taken, initiated or order(s) passed: Order passed by appellate authority levying penalty of INR 19,729,942/-. Date of receipt of order: 27/09/2023.

Details of the violation(s)/contravention(s) committed or alleged to be committed: Disallowance of Input tax credit availed on passive infrastructure assets. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Company will challenge the order at Tribunal when constituted and there is no material impact of the same on financial, operations or other activities of the Company.