LTIMindtree Limited — Important, 07-02-2025: General Updates

The Company has received a Sales and Use Tax Notice of Assessment from the Pennsylvania State Department of Revenue for a delay in filing its quarterly return for the period of July 2024 to September 2024. A late filing penalty of USD 26,473.41 has been imposed. The Company contests that this penalty is inconsistent with standard practices of the department and has filed an application for abatement. Notably, the frequency of filing Sales & Use Tax returns has been adjusted from semi-annually to quarterly, which the Company believes should take effect at the start of the next financial year, rather than mid-year. However, there is no material impact on the Company's financials or operations due to this notice. This situation warrants attention as it highlights procedural discrepancies, but maintains a positive outlook for overall financial health.