Hindustan Zinc Limited has received an Order from The Office of the Additional Commissioner, GST, Udaipur, confirming demand of GST related to Input Tax Credit availed by the Company which is regarded as ineligible by such Tax Authority pertaining to fiscal year 2017- 18: GST amounting to INR 55,769,251/-. Penalty @ 100% and applicable interest. Considering the merits of the case, the Company intends to file appeal before the Appellate Authority within time-limit prescribed under the GST Law.

The Company is hopeful of a favorable outcome thereof and does not expect the said Order to have any material financial impact on the Company. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Order No. 01/GST/UDR/2024-25 dated April 9, 2024 received by the Company on April 15, 2024.