IndusInd Bank Limited informed that a penalty of INR 0.062 million has been imposed on the Bank by Deputy Commissioner of State Tax Cuttack- I Central Circle: Cuttack I: Odisha for various GST issues. The Bank will explore filing of appeal against the order. Nature and details of the action(s) taken, initiated or order(s) passed: Order under section 73 of CGST Act, 2017.

Date of receipt of direction or order: Receipt of order on May 3, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: On account of various GST issues. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 1.096 million (Include tax amount, interest and penalty).