Aditya Birla Fashion and Retail Limited — Important, 03-03-2025: General Updates

Aditya Birla Fashion and Retail Limited has received demand orders from authorities in Guwahati and Gurugram, totaling ₹9.81 crore (Cr) across two orders. The first order entails a demand of ₹4.72 crore (Cr), including ₹2.49 crore (Cr) in tax, ₹1.98 crore (Cr) in interest, and a ₹24.92 lakh (L) penalty due to alleged discrepancies related to input tax credit claims stemming from vendor defaults. The second order demands ₹5.09 crore (Cr), comprising ₹2.81 crore (Cr) in tax and a ₹28.65 lakh (L) penalty for similar reasons. Despite these demands, the company states there is no adverse impact on its financial positions or operations and intends to appeal the decisions, suggesting an opportunity for resolution. Investors should monitor developments closely for updates on the appeal process.