SKIPPER LTD : SEEKS REJECTION OF ₹227.53 CR TAX DEMAND

• Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, issued a show cause notice u/s 73 of CGST/OGST Act, 2017, proposing a demand of ₹2,27,53,28,966/- • The demand is related to a mismatch in GSTR 1, GSTR-2A and GSTR-3B • The company disputes the demand, stating it is based on erroneous findings and an incorrect appreciation of facts and law • Skipper Limited will contest the demand and states there is no material impact on its financial position, operations or other activities • This intimation is available on the company's website: https://www.skipperlimited.com/ Impact: Neutral (Tax demand disputed with no immediate financial impact)

Skipper Limited

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