Mahindra & Mahindra Limited announced that the Company has received an order from the Assistant Commissioner of State Tax, Bureau of Investigation (North Bengal), Raiganj Zone, Uttar Dinajpur, West Bengal imposing a penalty of INR 1,406,215 u/s 129(3) of the CGST Act, 2017 due to certain clerical errors in the E-way bill. Based on the Company's assessment, an appeal will be filed, and the Company is hopeful of a favourable outcome at the appellate level and does not reasonably expect the said Order to have any material financial impact on the Company. The Order dated July 5, 2024 has been received by the Company on July 5, 2024.