Bharat Rasayan Limited announced that the National Green Tribunal (NGT), vide its Order pronounced dated May 29, 2024 (Order) has directed the Company to deposit an amount of 133 million towards Environmental Damage Compensation (EDC) after adjusting the amount of 15 million which has been already paid by the company to Gujarat Pollution Control Board (GPCB) within a period of 1 month from the date of uploading of the Order. Further, NGT has directed GPCB to utilize the said amount for the environmental improvement in the area within 10 Kms. of Plant situated at Dahej (Gujarat). The above Order has been passed in respect of a substantial issue relating to the environment arising out of an accident which happened in factory situated at Plot No.

42/4, Amod Road, GIDC, Dahej, District Bharuch, Gujarat-392130, on 17th May, 2022. Name of the Authority: National Green Tribunal, Western Zone Bench, Pune (NGT). There will be a financial impact to the extent of INR 118 million.

The Company is obtaining legal advice to evaluate all legal options including preferring an appeal before the Apex Court. The Date and Time of occurrence of the event/information is the time of downloading of the Order from the Portal of NGT i.e. around 3.30 p.m. on May 29, 2024.