UltraTech Cement Limited — Important, 18-02-2025: General Updates

The Company has received an order from the Commissioner Appeals, CGST, Ludhiana, reviewing a penalty related to alleged incorrect availment of ISD Credit. The order has dropped a penalty of ₹22.59 cr while confirming a GST demand of ₹25.11 cr plus applicable interest and an additional penalty of ₹0.25 cr. The Company is currently assessing the order and determining the next steps. Importantly, there is noted to be no material financial impact on UltraTech Cement from this issue. Investors should monitor the situation, as the outcome could influence operational aspects moving forward.