Zomato Limited has received an order for the period October 2014 to June 2017 passed by the Commissioner, Adjudication, Central Tax, Delhi raising demand of service tax of INR 920,990,306, along with applicable interest (not quantified) and penalty of INR 920,990,306. Date of receipt: 1 April 2024 at 1:23 PM; Details of the violation(s)/contravention(s) committed or alleged to be committed: The demand order has been received confirming demand on account of non-payment of service tax for the period October 2014 to June 2017 determined basis certain sales made by the foreign subsidiaries and branches of the Company to its customers located outside India. The Company in its response to the show cause notice had clarified on the allegations along with supporting documents and judicial precedents, which appears to not have been appreciated by the authorities while passing the order.

Expected financial implications, if any, due to compensation, penalty: The Company believes that it has a strong case to defend the matter before the relevant appellate authority and does not expect any financial impact on the Company.