Speciality Restaurants Limited — Important, 11-03-2025: General Updates

The company has received a Demand Notice from the Government of West Bengal regarding an ineligible Input Tax Credit (ITC) claimed for the assessment period from April 1, 2017, to June 30, 2017. The total assessed demand amounts to ₹1.12 crore, with ₹0.87 crore attributed to interest. The company is consulting with its tax advisors and plans to respond to the notice within the required timeframe. While this demand could have financial implications, it does not affect the company’s operations or other activities, indicating a stable operational outlook. Stakeholders should remain informed as the situation develops.