United Spirits Limited announced receipt of order dated March 21, 2024 from Excise and Taxation Officer-cum-Assessing Authority, Ward-I, Palwal, Haryana. The order received on April 22, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: The Department has disallowed the benefit of credit notes as claimed in the return and raised a demand on the Company.

This is in line with the prior year assessment order which the Company is already contesting. The company will be filing appeal before the higher authorities against this assessment order as well. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Based on the Company's risk-assessment process, it believes it has a good case and does not expect any material financial implication.

Quantum of claim, if any: Demand: VAT ­ INR 296.9 million (including interest of INR 134.7 million).