Barbeque-Nation Hospitality Limited announced that the company has received order from the Office of the GST Officer, Department of Trade & Taxes, Government of National Capital Territory of Delhi, levying penalties on the Company under section 73(9) of the Central Goods and Services Tax Act, 2017 and Delhi Goods and Services Tax Act, 2017. The company received the order on April 29, 2024. Nature and details of the action(s) taken, initiated or order(s) passed: The company is directed to pay tax along with interest, late fees and penalty and it pertains to the Financial Year 2018-2019.

The penalty is INR 51,772. The alleged discrepancy is related to declaration of output tax in the GST returns and claiming of Input Tax Credit. There is no material impact on the financial, operation or other activities of the Company.

Company is evaluating the order and will take the appropriate action.