Sunlite Recycling Industries Limited — Others, 04-03-2025: Action(s) taken or orders passed

Sunlite Recycling Industries Limited has received a GST demand order totaling ₹8.36 Crore and a penalty of the same amount, alongside a separate demand of ₹0.67 Crore (including interest and penalty) for the fiscal year 2020-21. The allegations include fraudulent ITC claims and discrepancies in tax liability. The company is currently reviewing the orders and does not expect a material impact on its financial position or operations. This situation may cause cautious sentiment among investors, but the management's assessment suggests a neutral impact on overall business activities.