SRM Contractors Limited — Others, 01-03-2025: Action(s) initiated or orders passed

SRM Contractors Limited has received an order from the State Tax Officer in Jammu regarding an ascertained tax payable under the Central Goods and Services Tax Act, amounting to ₹18.32 lakh. This total includes tax, penalty, and interest due to an alleged improper reversal of input tax credit. Despite this order, the company anticipates no material impact on its financials or operations. Investors might view this as a neutral impact, since the company maintains that its overall performance remains unaffected, albeit with a need for careful monitoring of tax compliance moving forward.