Disclosure of material issue

Innovision Limited received an order for recovery of tax & penalty totalling Rs 20.98 Cr for the period April 2019-March 2024 due to disputes in filed GSTR returns. **Possible Impact:** The company is evaluating the order.

While they believe the demand is not sustainable and will not materially impact financials or operations, the potential liability is significant. **Company's Response:** Innovision Limited intends to challenge the proposed demand and penalty before the appropriate authority.