SRF Limited received order from Deputy Commissioner, Uttarakhand GST (Audit). GST audit was conducted for Fiscal Year 2019-20 by State GST Officer, Uttarakhand. Nature and details of the action(s) taken, initiated or order(s) passed: GST audit was conducted for Fiscal Year 2019-20 by State GST Officer, Uttarakhand, Department objected that:- a) ITC was availed on certain transactions for which supplier did not report while filing their GST returns.

b) Company has claimed ITC which is more than the amount auto-populated as per State GST records. c) ITC was claimed by Company on certain reported transactions for which supplier did not pay the tax. On all the above three grounds, the department has raised a demand of INR 7.589 million (including interest and penalty) against which the Company has paid INR 1.370 million under protest.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 30th July 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Penalty imposed under Section 73 of the Central Goods and Services Tax Act, 2017 -INR 682,000 Company would be filing an appeal before the appropriate forum against this order. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The management is confident that the above is unlikely to have any material impact on the Company's financial, operations or other activities.