Cipla Limited has received an order from the GST Authority imposing a penalty of INR 18,317,388 under applicable provisions of Central Goods and Services Tax Act, 2017 and Maharashtra Goods and Services Tax Act,2017. Name of the authority: Office of the Pr. Commissioner of CGST & Central Excise, Mumbai, Maharashtra ("GST Authority").

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority, Order dated 16th April 2024 received on 18th April 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed, The Order has been passed by the GST Authority on the contention that the Company has claimed inadmissible transitional credit on education cess during the transition from excise regime to GST regime in Fiscal Year 2017-18 and has ordered recovery of the same with penalty. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible., Based on assessment of facts and prevailing law, the Company will file necessary appeal with the appellate authority in this regard., There is no material impact on the Company's financials or operations due to the said order.