CEAT Limited informed that order confirming GST demand along with interest and/or penalty has been issued by the Additional Commissioner of Central, Hyderabad. Nature and details of the action(s) taken, initiated or order(s) passed: The GST Department has passed an Order under Section 73 of the State Goods & Service Tax Act,2017 in the state of Telangana, for the financial year 2018-19 disallowing Input Tax Credit of INR 2.581 million and levied interest @18% p.a. together with penalty of INR 0.258 million on the ground that Company availed the excess input tax credit in GSTR3B than credit appearing in GSTR-2A. The Company believes that it has not defaulted on the applicable provisions of the statute and is actively analyzing the matter for filing an appeal for the demand amount confirmed in the Order.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Copy of the communication from the Authority was received by the Officers of the Company as specified for the purpose under the Policy for Determining Materiality of Events, on April 16, 2024 at 1:00 p.m. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: There is no material impact on the financials and operations or other activities of the Company. The Company is in the process of filing an appeal against the said Order.