Reliance Industries Limited has received an order dated April 16, 2024 from the Deputy Commissioner, State Tax, Dehradun levying on the Company a penalty of INR 62,957 under Sections 73 and 122 of the Central Goods and Services Tax Act, 2017 and the Uttarakhand Goods and Services Tax Act, 2017. The Order has been passed alleging incorrect availment of input tax credit by the Company. The Company intends to file an appeal against the Order.

There is no material impact on financials, operations or other activities of the Company due to the Order.