DCM Shriram Limited announced Electricity Duty Order(s) received in relation to the Company: Name of the authority; Joint Commissioner, State Tax, Commercial Taxes Department, Circle B, Kota, Rajasthan. Nature and details of the order: 3 Electricity Duty Orders for Fiscal Year 2014-15, 2015-16 and 2016-17, including penalty as under: Total Electricity Duty: INR 72.642 million. Total Penalty: INR 0.003 million.

Details of the violation: The Authority has stated that electricity duty is leviable on all consumptions of electricity by the captive power plants, even if it is auxiliary energy consumption. The amount pertaining to Electricity duty of INR 72.6 million for 2014-15 to 2016-17 has been fully provided for in books of accounts in March 23 and are continuing with provisions in books for all subsequent periods till now. Further, the Company is in the process of filing appeal against these Duty Orders.