URBAN COMPANY : RECEIVES SHOW CAUSE NOTICE FROM GST AUTHORITIES

• Show cause notice received from Excise & Taxation Officer of State Tax, SGST, Gurugram (East-2) • Notice alleges incorrect availment of input tax credit and short payment of tax for FY 2022-23 • Demand includes Tax demand of ₹1.67 Cr, Interest of ₹1.21 Cr, and Penalty of ₹16.74 L, totalling ₹3.05 Cr • Company claims it has duly claimed input tax credit and believes it has a strong case on merits • Company will respond to the SCN within the timelines prescribed • SCN will not impact the financial, operation or other activities of the listed entity Impact: Neutral (Show cause notice received for FY23; company confident of its position)

Urban Company Ltd

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