Butterfly Gandhimathi Appliances Limited — Others, 11-03-2025: Action(s) taken or orders passed

Butterfly Gandhimathi Appliances Limited has received a GST demand of approximately ₹69.29 million for transitional ITC related to goods sourced from a supplier with area-based exemptions. The company intends to appeal the order, anticipating a favorable outcome based on legal merits and consultant advice. Despite the demand, it does not foresee a material impact on its financials or operations. Investors may perceive this as a neutral impact, although the potential tax liability of around ₹69.29 million plus interest and penalties poses a risk that could influence sentiment in the near term.