TVS SRICHAKRA LIMITED has received the following order from Office of State Tax Officer, Flying Squad Unit, Uttarakhand. Name of the authority: Office of State Tax Officer, Flying Squad Unit, Uttarakhand (GST Department). Nature and details of the action(s) taken initiated, or order(s) passed: The Demand Order dated 30 November 2024, issued by the State Tax Officer, Rudrapur, pertains to discrepancies in the e-way bills generated for the movement of imported materials from Chennai Customs to the Uttarakhand plant.

The order imposes a penalty of INR 1,122,240/. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: The order dated 30 November is received via the registered e-mail id. d. Details of the violation(s)/contravention(s) committed or alleged to be committed.

The company will be filing appeals against the allegations stated in the order, as there is no tax evasion. e. Impact on financial, operation or other activities of the Company, quantifiable in monetary terms to the extent possible. Penalty demand ?

INR 1,122,240.