Avenue Supermarts Limited — Others, 28-02-2025: Action(s) initiated or orders passed

Avenue Supermarts Limited has received an order imposing a tax demand of ₹10.74 crore and a penalty of ₹1.17 lakh from the Superintendent of Central Tax, Telangana, due to an alleged short payment of tax. While the company intends to appeal this order, it notes that there is no material impact on its operations. The potential financial implication, if confirmed, amounts to approximately ₹10.86 crore. Investor sentiment may remain stable given the planned appeal and the minimal operational disruption indicated.