Tata Chemicals Limited has received an Order from National Faceless Assessment Centre, Income Tax Department levying a penalty of INR 1,036,348,806/-, under Section 270A of the Income Tax Act, 1961 (Act) for, inter alia, disallowance of interest u/s 36(1)(iii) of the Act. Based on the merits of the matter, prevailing law and the advice of the counsel, the Company is planning to appeal against this order before the National Faceless Appeal Centre (appellate authorities) and reasonably expects favourable orders from the appellant authorities. Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority: March 20, 2024.

Details of the violation(s)/contravention(s) committed or alleged to be committed: Disallowance of interest u/s 36(1)(iii) and others.