Star Paper Mills Limited announced that it has received the following order dated April 29, 2024 for the year 2018-2019 (received on April 30, 2024) from Dy. Commissioner (DC) Saharanpur, Sector-2, GST Deptt., Saharanpur: Demand of INR 9,502,972 (Tax: INR 4,538,190; Interest: INR 4,510,962 and Penalty: INR 453,820) under GST Act not allowing the input tax credit availed in Solar Lights system, Building materials, repair & maintenance of existing buildings. The company will prefer an appeal against the above order before Addl.

Commissioner (Appeals) within the allowed time. There is no material impact on financial, operation, or other activities of the company due to above order.