Avenue Supermarts Limited announced penalty imposed on the Company. Name of the authority - Kalyan Dombivali Municipal Corporation. Nature and details of the action(s) taken, initiated or order(s) passed - Penalty of INR 10,000 imposed on the Company.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority - April 08, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed - Penalty has been levied for sale of plastic items below specifications, and QR codes on select plastic products supplied by vendors not properly disclosing mandatory details at one of the stores of the Company. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible - The financial impact of the aforesaid action is to the extent of the penalty imposed.

There is no material impact on operations or other activities of the Company.