Pursuant to Regulation 30 of the SEBI Listing Regulations, The company hereby submit the details of the Order received by India Glycols Limited from Additional Commissioner, Noida Customs Commissionerate, Uttar Pradesh. Name of the Authority: Additional Commissioner, Noida Customs Commissionerate, Uttar Pradesh; Nature and details of the action(s) taken, initiated or order(s) passed: The Company has received an Order from Additional Commissioner, Noida Customs Commissionerate, Uttar Pradesh, dated 22 March, 2024 (received on 9 April, 2024) demanding an amount of INR 334.3 million as duty short paid along with applicable interest and imposing penalty of INR 820 million under the Customs Act, 1962. In the same order, redemption fine of INR 1,917.6 millionwas also imposed on the goods already cleared during the period from 1 July 2017 to 1 February 2021.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: 9 April, 2024; Details of the violation(s)/contravention(s) committed or alleged to be committed: The issue pertains to differential Custom Duty on import of Denatured Ethyl Alcohol, on which concessional duty benefit was availed at the time of import during the period from 1 July, 2017 to 1 February, 2021 and Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Based on the Company's assessment and advice of the counsel, the Company has a strong case on merit and will file the appeal and does not reasonably anticipate any material impact on its financial or operational or other activities.