Mahindra & Mahindra Limited informed that the Company has received an order from the Assistant Commissioner, Rudrapur, Uttarakhand imposing a penalty u/s 129 of the Central Goods and Services Tax Act, 2017 amounting to INR 1,408,983 due to certain clerical errors committed by the transporter while preparing the E-way bill. Based on the Company's assessment, an appeal will be filed, and the Company is hopeful of a favourable outcome at the appellate level and does not reasonably expect the said Order to have any material financial impact on the Company. The Order dated 27th May 2024 has been received by the Company on 27th May 2024 around 08:00 P.M.