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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023 SI. No. Description 10. Return on Capital Employed (%) 11. Return on Investment (ii) r. (i) MRP Numerator Denominator 2022-23 2021-22 Change in Percentage (%) Reasons for Change if variation is more than 25% EBIT (Excl Other Capital Employed income and Exceptional item) Income generated from Invested funds 6.54% 5.13% 28 Increase in percentage is due to increase in EBIT for current year Time weighted average of investments (includes 5.99% 7.62% (21) Quoted Equity shares, Debt instruments-Bonds and Unquoted mutual funds) The company did not have any material transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the financial year. Contingent Liabilities not provided for: Claims not acknowledged as debts: (a) Competition Commission of India (CCI) matter - Refer Note 1 below (b) Disputed Sales Tax demands pending before the Appellate Authorities /High Court - 198.44 Crores (Previous Year- 196.00 Crores) Disputed Excise/Customs Duty demands pending before the Appellate Authorities/High Court - 377.84 Crores (Previous Year - *378.66 Crores) (c) (d) Disputed Income Tax Demands - *275.64 Crores (Previous Year - 159.87 Crores). Against the said demand the company has deposited an amount of 131.61 Crores (Previous Year 97.52 Crores) (e) Disputed Goods and Service Tax demands pending before the Appellate Authorities -0.56 Crores (Previous Year- *1.70 Crores) (f) Contested EPF Demands pending before Appellate Tribunal- *1.10 Crores (Previous year *1.10 Crores) Note 1: The Competition Commission of India (CCI) had on 2nd February, 2022 released its order dated 31st August, 2018, imposing penalty on certain Tyre Manufacturers including the Company and also the Automotive Tyre Manufacturers' Association, concerning the breach of the provisions of the Competition Act, 2002, during the year 2011-12. A penalty of *622.09 Crores was imposed on the Company. The appeal filed by the Company has been disposed off by National Company Law Appellate Tribunal (NCLAT) in December 2022 by remanding the matter to CCI for review after hearing the parties. CCI has in February 2023 filed an appeal against the Order of NCLAT before the Hon'ble Supreme Court. Pending disposal of the same, the Company is of the view that no provision is considered necessary in respect of this matter in the Standalone Financial Statements. 147

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