Shree Cement Limited announced it has received a demand order from the Assistant Commissioner, Excise & Taxation Department, State Tax, Mohali. Nature and details of the action(s) taken, initiated or order(s) passed by the authority: Demand Order passed by Excise & Taxation Department for demand of GST INR 600,415 (GST) + INR 592,487 (Interest) + INR 80,041 (penalty). Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: April 12, 2024.

Details of the violation(s) /contravention(s) committed or alleged to be committed: Non-payment of GST on supplies of Flex Boards and Hoardings. The Company will file appeal against the above order. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: There is no impact on financial, operational or other activities of the Company.