Delhivery Limited — Others, 01-03-2025: Action(s) taken or orders passed

Delhivery has received an order from the Government of Karnataka, confirming a tax liability of ₹2.04 crore and a penalty of ₹0.21 crore related to disallowance of Input Tax Credit from FY 2020-21. The company plans to appeal this decision, indicating a proactive approach to managing potential liabilities. Importantly, management stated there is no material impact on the company’s financials or operations. This situation may be perceived by investors as neutral, primarily reflecting ongoing regulatory challenges while the company's operational integrity remains intact.