Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. Detailed intimation wrt the GST…

Mahindra Logistics Limited has received an order from the State Tax Officer in Jharkhand imposing a penalty of Rs. 2,04,425.35 for alleged excess Input Tax Credit claimed during FY 2021-2022 under the Jharkhand GST Act and other related acts. The company believes it has a strong case and is hopeful for a favorable outcome at the next adjudicating authority or tribunal level, and does not expect the order to have a material financial impact. The order was received via email…

Litigation creates a contingent liability that is not in reported profit until it crystallises.

• Amount claimed against the company
• Whether a provision has been made
• Next hearing or order date
• we are committed to reducing our white space by September of next year. (management committed by September FY27)
• We remain committed to our target, which I had shared last time in the call that by September of next year we (management committed by September FY27)