Hindustan Zinc Limited has received an Order from The Office of the Assistant 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 for the Fiscal Year 2018-19: · GST amounting to INR 1,40,55,432/- · Penalty @ 10% of Tax demand and applicable interest. Name of the Authority Office of The Assistant Commissioner, GST, Udaipur. Considering the merits of the case, the Company intends to file appeal before the Appellate Authority within the time-limit prescribed under the GST Law.

The Company is hopeful of a favourable outcome thereof and does not expect the said Order to have any material financial impact on the Company.