Bajaj Auto Limited hereby submit the disclosure regarding Order imposing penalty passed against the Company. The details of the above Order as required under Regulation 30 of Listing Regulations are given below: Name of the Authority is Assistant Commissioner of Goods & Service Tax, Aurangabad, Rural Division. Nature and details of the action(s): Penalty under Rule 15(1) of Cenvat Credit rules read with section 11AC of Central Excise Act on short payment.

Date of receipt of communication from the authority: 09 July 2024. Details of the violation(s) /contravention(s) committed or alleged to be committed: Department has passed an order for short reversal of Cenvat Credit on sale of old capital goods as waste & scrap for the period April 16 to June 17. The department has demanded differential excise duty of INR 1,595,924/- along with penalty of INR 159,592/- and interest.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: This decision does not have any major financial implications on the Company. Further, based on merits of the case, company will be filing appeal before Commissioner (Appeals) against the order. The company is under tribunal appeal in the same issue pertaining to earlier period.