Thyrocare Technologies Limited announced pursuant to Regulation 30, read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (Listing Regulations) and in continuation of disclosure dated October 28, 2023 as submitted by Thyrocare Technologies Limited to the Stock Exchanges in relation to assessment order received from Navi Mumbai Municipal Corporation, Cess Department (Authority) on October 27, 2023 (Original Assessment Order), the Company has received rectification of assessment order (Rectified Assessment Order) dated February 14, 2024 from the Authority which was intimated to the Company on February 23, 2024. In the aforementioned Rectified Assessment Order, the Authority has reduced the total demand of due cess amount (including interest and penalty amount) for the period from April 1, 2010 to March 31, 2011 to INR 1,280,047. Nature and details of the action(s) taken, initiated or order(s) passed: Authority issued rectification of assessment order for reduced total demand of due cess amount (including interest and penalty amount) for the period from April 1, 2010 to March 31, 2011 from total INR 20,553,098 (as mentioned in the Original Assessment Order) to INR 1,280,047 only (as mentioned in the Rectified Assessment Order).

Authority has directed the Company to pay reduced due cess amount (including interest and penalty amount) of INR 1,280,047 by March 1, 2024. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: The Rectified Order was received on February 23, 2024, and the revised demand of due cess is required to be paid by the Company by March 1, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Non-payment of Cess by the Company to the Authority for the period April 1, 2010 to March 31, 2011.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: NIL, except due cess amount (including interest and penalty amount) of INR 1,280,047 payable to Authority. Please note that the Company has paid-off and settled above due cess amount (including interest and penalty amount).