Action(s) taken or orders passed

trITY UNIT]N BNNr LIVIITED GIN : 1651 1 0TN1 904P1C001287 trUB Regd. Office : 149, T.S.R.(Big) Street, Kumbakonam - 612 001. Thanjavur District. Tamil Nadu. Telephone No: 0435 -2492322 INUSTAXO EXCETLETICE 8lilcE ie0,l E-mail : shares@cityunionbank.com Website : www.cityunionbank.bank.in C. O/Sh a res/ LR-s | 2029-27 October L4,2026 National Stock Exchange of India Ltd., BSE Ltd., Exchange Plaza, 5th Floor, DCS - CRD, Plot No.C/l, G BlocK Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, 25th Floor, Dalal Street, Bandra (E), Mumbai 400 9Ot Mumbai 400 051 Scrip Code: CUB Scrip Code: 5322LO Sub: Updation of status of Tax dispute - Reduction in demand. Ref.: Regulation 30 of SEBI Listing Regulations, 2015, as amended. Pursuant to regulation cited on the subject matter, it is hereby informed that the Bank has received a demand order under Tamilnadu Goods & Service Tax Act, 2QL7 from the Deputy Commissioner State Tax, Tanjore on October L4,2026 The requisite disclosure as required under extant SEBI Master Circular dated January 30, 2026, is enclosed herewith. Kindly take the above on record and disseminate to all concerned Thanking you Yours faithfully for CITY UNION BANK LIMIIED Venkataramanan S Company Secretary & Compliance Officer Encl.: a.a 'NARAYANA"Administrative Office, No.24-B, GandhiNagar, Kumbakonam - 612 001 Phone :0435 - 2402322 Information as required under Regulation 3O- Para A (20) of Part A of Schedule of the SEBI (Listing Obligations and Disclosure Requirements) Regulations' 2015 GST Assessment Order Sl. No Description Details L Name of the Authority Deputy Commissioner, State Tax Taniore 2 Nature of details and actions For the FY 202I-22, order under section 73 of the taken or orders passed Tamilnadu Goods & Service Tax Act, 2017 (TNGST Act) passed by the aforesaid authority demanding Tax of Rs. tt0.37 crore along with interest and penalty of Rs. 98.52 crore [totaling Rs. 208.91 crore being the quantum of claiml. The order received is a remand order pursuant to the direction of Madurai Bench of High Court of Madras. The original Tax demand was for Rs 191.05 crore along with interest and penalty Rs.143.73 (totaling Rs.337.79 crore) vide order dated 29.L2.2025. The demand has now been reduced to Rs. 208.91 crore. 3 Date of receipt of direction or L4.r0.2026 order, including any ad-interim or interim orders or any other from communication the authoriW 4 Details of the violation(s) The Major issues involved in the demand is (a) taxing /Contravention(s) committed or the portion of exempt income viz., Interest on alleged to be committed investments, Profit on sale of securities, exchange profit etc., (b) taxing the estimated income not collected by the Bank / or service not rendered and estimating taxable supplies by violating the basic conditions as enumerated in section 7 and 15 of the TNGST Act 2017 respectively and not allowing 100o/o ITC on same PAN GSTINs. The GST Department has not accepted the "Reconciliation statement in GSTR - 9C" filed by the Bank which duly tallied with the financials and certificate given by the SCA, for exempt and Taxable supplies of the year. 5 Impact on flnancial, operation The Bank is regular in complying GST related or other activities of the listed compliances rightfrom the roll out of the GST, without entity, quantifiable in monetary any deviations and discharging GST on all charges terms to the extent possible. (subjected to GST) collected from customers and claiming only the eligible ITC. The GST compliance of the Bank is in conformity with the section 7 and 15 of the TNGST Act,20t7. The GST Audit did not pointed out any evasion of income from the books of accounts and the demand is made ignoring the valid proofs submitted during adjudication process including certificate from Statutory Central Auditors of the bank. The Bank will take appropriate legal remedies as provided in the GST Act. The demand is devoid of legal sanctity and consists of factual errors and accordingly, there will not be any material financial implications on the ban( as the bank has duly complied the GST provisions in letter and spirit.