Uflex Limited announced that a penalty of INR 196,738 has been imposed on the Company by Assistant Commissioner, Sector-5, Mobile Squad-10, Ghaziabad, U.P., vide order passed under Section 129(3) of the Goods and Services Act, 2017, received on 14th May, 2024. Deficiency in the e-Way bill during transit of goods from Noida. There is no major impact on the financial operation or other activities of the Company.

The Company has deposited the penalty amount of INR 196,738 as per demand and will file appeal before appropriate authorities within the prescribed time limits.