Avenue Supermarts Limited has received an order imposing penalty on the Company, the details of which are as follows: Name of the authority ­is Joint Commissioner of State Tax, Chhattisgarh; Nature and details of the action(s) taken, initiated or order(s) passed ­ Tax demand of INR 21,524, Interest of INR 21,410 and Penalty of INR 20,000. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority - April 29, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed ­ The Company has received the tax demand on account of mismatch of ITC claimed in GSTR-3B vs GSTR-2A for Fiscal Year 2018-19.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible - The financial impact of the aforesaid order is to the extent of the penalty imposed. There is no material impact on the operations or other activities of the Company due to the said order.