LTIMindtree Limited has received order from Office of the Development Commissioner, Ministry of Commerce & Industry, Department of Commerce, Bengaluru. The Company has received penalty order of INR 5 million under Section 11(2) of the Foreign Trade (Development and Regulation) Act, 1992. Date of receipt of order is April 5, 2024.

Details of the violation(s)/contravention(s) committed or alleged to be committed: Rendering services to customer in Domestic Tariff Area for the period from Fiscal Year 2010-2011 to Fiscal Year 2023-2024 for receipts in INR from registered Special Economic Zone unit. There is no likely material impact on the Company's financials or operations due to the said order. The Company will take appropriate legal course against the said order in consultation with its advisors.