L&T Finance Limited informed that the Company has received an order dated April 08, 2024 in the name of L&T Finance Limited (which has been merged with the Company effective December 4, 2023), whereby the State Goods & Service Tax Department, Government of Rajasthan, has imposed a monetary penalty of INR 34,616 under Section 73 of the Central Goods and Services Tax Act, 2017. The Company is contesting the Order in appellate forum(s) and the Company does not reasonably expect the Order to have any material financial impact. Name of the Authority: State Goods & Service Tax Department, Government of Rajasthan.

Nature and details of the action(s) taken initiated, or order(s) passed: A penalty of INR 34,616 has been levied. Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the authority: April 08, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Discrepancy in Outward Tax in GSTR-1 compared to GSTR-9.