Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 and in continuation to our earlier intimation letter dated 1st March, 2024, we wish to inform you that, consequent to the revisionary petition filed by the Company against the penalty Order, the Deputy Commissioner of Income Tax, Corporate Circle - 1, Coimbatore has pronounced an Order with a penalty demand of Rs. 37, 710, reducing the original penalty demand of Rs. 2,28,80,481.