Cipla Limited received an order passed by the GST Authority imposing a penalty of INR 3,595,118.19 under applicable provisions of the Bihar Goods and Services Tax Act, 2017, the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017. Since the order was received on Saturday, 27th April 2024 i.e., a non-working day there has been a delay in submission of the disclosure. Mismatch in the data and incorrect ITC claim during the financial year 2018-19.

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.