Indus Towers Limited — Others, 28-02-2025: Action(s) taken or orders passed

Indus Towers Limited has announced a board meeting to address a recent penalty of ₹10.17 cr imposed by the Assistant Commissioner (Ahmedabad) for alleged disallowance of Input Tax Credit under the GST Act. The company intends to challenge this order, stating it disagrees with the allegations and does not anticipate a material impact on its operations or financial health. Investors may view this as a neutral impact, as the company’s proactive stance to contest the penalty could indicate confidence in maintaining its operational stability.