Tech Mahindra Limited has received an order from the Joint Commissioner, Office of Commissioner of Central Tax, Central Excise & Service Tax. (Medchal Commissionerate), State/UT: Hyderabad, Telangana imposing an additional penalty u/s 73(9) of CGST Act, 2017 amounting to INR 20,000/-. Based on the Company's assessment, an appeal may be filed, and the Company is hopeful of a favorable outcome at the appellate level and does not expect the said Order to have any material financial impact on the Company.

The additional penalty has been imposed alleging excess ITC claimed, availed ITC on blocked credits.