Tata Motors Limited announced regarding two order(s) received by the company on July 1, 2024 both from the Deputy Commissioner, State Tax, Bhopal. Nature and details of the action(s) taken, initiated or order(s) passed: Order(s) passed under Section 74 of the CGST/SGST Act, 2017; Details of the violations /contravention committed or alleged to be committed: The company has received two order(s) from the Authority levying penalty of INR 8,571,288 and INR 21,101,321 on account of excess availment of credit under section 74 of the CGST/SGST Act, 2017. There is no Material impact on Financial and operational activities of the Company on account of the two orders.

The Company is reviewing both the Orders and will exercise right to file Appeal.