Sundram Fasteners Limited announced that the Company has received an order passed by the Commissioner of Customs, imposing a fine for delay in filing the Bill of Entry. Nature and details of action(s) taken, initiated or order(s) passed: Imposition of fine on the Company amounting to INR 50,000/- under Regulation 4(3) read with Regulation 4(4) of Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Regulations, 2018. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: March 25, 2024.

Details of violation(s)/contravention(s) committed or alleged to be committed: Delay in filing the bill of entry.