Greenply Industries Limited — Others, 06-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Greenply Industries has provided an update on a significant tax litigation case from FY 2013-14 concerning the Income Tax Department's appeal regarding an excise duty exemption. The Hon’ble Gauhati High Court recently dismissed the Department's appeal, confirming the previous favorable ITAT order regarding a tax refund of ₹18.46 crore. This ruling eliminates any tax liability of approximately ₹18.44 crore, enhancing the company's financial position. A dismissal is likely to improve investor sentiment, indicating a positive outlook for the company's operational stability and cash flow management.