Bajaj Electricals Limited received an order dated March 4, 2024 from the Office of the State Tax Officer, Jammu ("GST Authority"), issued under Section 73 of the Jammu and Kashmir State Goods and Services Tax Act, 2017, read in conjunction with the relevant sections of the CGST Act, 2017 and the IGST Act, 2017, involving an alleged tax demand (aggregating to INR 0.035 million) on account of an alleged difference between the input tax credit (ITC) claimed by the Company and the ITC reconciliation (by the GST Authority), which includes a general penalty of INR 0.02 million (Order). Please note that there is no impact on financial operations or any other activities of the Company due to this Order.