Sub: Disclosure

It is hereby informed that, a penalty of Rs. 0.02 crore has been imposed on the Bank by Excise & Taxation officer - cum- State Tax officer (Audit), Punjab for matter/s mentioned in the below table.

The details as required to be provided as per sub-para 20 of Para A of Part A of Schedule III of SEBI LODR Regulations are as follows:

Sr. 
no 
Particulars Details
1. Name of the authority Excise & Taxation officer -cum- State Tax officer (Audit), Punjab
2. Period Involved F.Y. 2018-19
3. Nature and details of the action(s) taken, initiated or order(s) passed Alleged excess availment of input tax credit - Order passed under section 73(9) of CGST Act
4. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. 29-04-2024
5. Details of the violation(s)/contravention(s) committed or alleged to be committed Alleged excess availment of input tax credit
6. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible Rs. 0.42 crore (includes tax, interest and penalty)

The Bank is evaluating appropriate legal remedy, including appeal, as per law.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Santosh Haldankar

Company Secretary

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HDFC Bank Limited published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 11:51:41 UTC.