KEC International Limited has received an Order from GST Authority, Uttar Pradesh on July 06, 2024. Penalty of INR 1,409,986/- imposed for mismatch in Address mentioned on Tax Invoice issued by Supplier and Address registered on GST Portal. Nature and details of the action(s) taken, initiated or order(s) passed: Demand Order passed by GST Authority.

The Company is perusing the Order and will seek appropriate legal remedy to contest the demand. The Company does not foresee any material financial impact on account of the Order.