5112182026-09-235112182026-09-23ActionsTakenOrOrdersPassedDomain15112182026-09-23ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15112182026-09-23SignatoriesDomain1iso4217:INRxbrli:pureSHRIRAMFINShriram Finance Limited511218NOTLISTEDINE721A01047NewAction(s) taken or orders passed (sub-para 20)false2026-09-2218:00:002026-09-23Imposition of fine or penaltyStatutory AuthorityAdditional Commissioner of Central GST & C. Ex, Navi Mumbai1Listed Entity (Self)Shriram Finance LimitedDemand orders received through GST PortalSection 74 of the CGST Act, 2017 read with the MGST Act, 2017 and IGST Act, 20172026-09-22The Company has received Orders dated September 16, 2026 from Office of the Additional Commissioner of Central GST & C. Ex, Navi Mumbai, levying penalties of Rs.46,81,440/- and Rs.13,50,434/- for F.Y. 2020-21, Rs.93,64,842/- and Rs.90,26,090/- for F.Y. 2021-22 and Rs.1,75,32,162/- and Rs.1,39,41,580/- for F.Y. 2022-23 in respect of demand orders against erstwhile Shriram City Union Finance Limited (which was amalgamated with the Company w.e.f. April 1, 2022). These penalties have been imposed in accordance with Section 74 of the Central Goods and Service Tax Act, 2017 (‘CGST Act, 2017’) read with corresponding provisions of Maharashtra Goods and Service Tax Act, 2017 (‘MGST Act, 2017’) and Section 20 of the Integrated Goods and Services Tax Act, 2017 (‘IGST Act, 2017’).For F.Y.2020-21, F.Y.2021-22 and F.Y. 2022-23There is no material impact on financial, operation or other activities of the Company. However, based on quantum of the amount involved and out of commercial prudence, the Company await to receive opinion from our tax consultant against Maharashtra state demand orders reference no. ZD2709261226270, ZD2709261226808, ZD2709261226527, ZD270926122699P, ZD2709261226642, and ZD2709261227137 dated September 16, 2026 received on September 22, 2026.The demand for F.Y.2020-21, F.Y.2021-22 and F.Y. 2022-23 has arisen on account of (i) Non-payment of tax under Reverse Charge Mechanism (RCM) on the service rendered by the service provider and (ii) Ineligible ITC availed on invoices issued by automobile/ motor vehicle dealers.55896548Same as aboveNot ApplicableBased on quantum of the amount involved and out of commercial prudence, the Company await to receive opinion from our tax consultant against aforesaid Maharashtra state demand orders.U BalasundararaoCompany Secretary & Chief Compliance Officer2026-09-23Mumbai