Flair Writing Industries Limited summited the disclosure regarding Summary of Show Cause Notice by Deputy Commissioner of State Tax, Vikasnagar, Dehradun. Name of the authority: Deputy Commissioner of State Tax, Vikasnagar, Dehradun. Nature and Details of the action(s) taken initiated or order(s) passed: The Company has received two summary of Show Cause Notice, both u/s - 73 of CGST ACT/Rules, 2017 received mentioning disallowance of excess ITC claimed for the Fiscal Year 2019-20.

Details of violation/contravention committed or alleged to be committed: The Company has received two summary of Show Cause Notice under Section 73 of CGST Act, 2017- for an amount of INR 624,488 (which includes tax- INR 339,912, interest ? INR 250,586 and penalty ? INR 33,990) for the Fiscal Year 2019-20 and for an amount of INR 257,916 (which includes tax- INR 140,385, interest ?

INR 103,493 and penalty ? INR 14,038) for the Fiscal Year 2019-20. Impact on financial, operations or other activities of the listed entity quantifiable in monetary terms to the extent possible: The Company will challenge the same based on strong merits by way of filing its reply/submissions, before the relevant authorities.

There is no material impact on financials, operation or other activities of the Company due to this Show Cause Notice of tax being payable. The impact will be limited to the extent of final tax liability as may be ascertained along with interest and penalty, if any.