Navin Fluorine International Limited has received an Order from Joint Commissioner, CGST and Central Excise, Indore. Nature and details of the actions taken, initiated or orders passed: Order dated 19th March, 2024 passed under relevant provisions of CGST Act, 2017 and IGST Act, 2017 for recovery of: GST ­ INR 379,368,889/-, Interest ­ as applicable and Penalty ­ INR 379,368,889/-. Date of receipt of direction or order including any ad-interim or interim orders or any other communication from the authority: 26th March, 2024.

Details of the violations, contraventions committed or alleged to be committed: Alleged erroneous claim of IGST refund on exports from March to December 2020. Based on facts of the matter and legal advice, the Company believes it has a strong case on merits and accordingly will challenge the said order before appropriate forum and is reasonably confident of obtaining a favourable outcome.