Shriram Pistons & Rings Limited — Others, 28-02-2025: Action(s) taken or orders passed

Shriram Pistons & Rings Limited has received an order from the Dy. Commissioner of State Tax in Pune, imposing a GST demand of ₹29.67 crore, alongside a penalty of ₹3.16 crore and interest of ₹26.37 crore due to alleged discrepancies in taxable amounts. The company’s assessment indicates that the demand is not maintainable, and it is considering appealing the order. Management believes there will be no material impact on the financials or operations. Investors may view this as a potential risk, but the company's outlook remains stable as it plans to challenge the order.