IndusInd Bank Limited informed that a penalty of INR 2.7 million has been imposed on the Bank by Deputy Commissioner of State Tax, Guwahati-D-1, Assam for various GST issues. The Bank will explore filing of appeal against the order. Name of the authority: Deputy Commissioner of State Tax Guwahati D- 1, Guwahati Assam.

Nature and details of the action(s) taken, initiated or order(s) passed: Order under section 73 of CGST Act, 2017. 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 56.8 million (Include tax amount, interest and penalty).