Equitas Small Finance Bank Limited informed that the Bank has received an Order on Scrutiny case Under Section 61 of Chhattisgarh GST Act, 2017 read with Section 73(9) of CGST Act, 2017 from the Deputy Commissioner State Tax, Raipur 3, Chhattisgarh on May 03, 2024 for tax demand amounting to INR 609,504/- (Rupees Six Lakhs Nine Thousand Five Hundred and Four only) including Interest of INR 274,885/- and penalty of INR 30,423/- on account of mismatch in tax payable between GSTR 1 and GSTR 3B during April 2018. Deputy Commissioner State Tax, Raipur 3, Chhattisgarh: Mismatch in Tax Payable between GSTR 1 and GSTR 3B during April 2018 resulting in Tax Demand of INR 3,04,227/-, Interest ­ INR 2,74,885/- and Penalty ­ INR 30,423/. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 6,09,504/-(Rupees Six Lakhs Nine Thousand Five Hundred and Four only) There is no material impact on financial, operation or other activities of the Bank due to the Tax and Penalty payable.

This Order is currently appealable, and the Bank will make an assessment to exercise the right to appeal.