Suzlon Energy Limited — Important, 28-02-2025: General Updates

The Office of the Commissioner of CGST and Central Excise, Chennai has imposed a penalty of ₹1.18 crore on Suzlon Energy Limited due to allegations of excess and ineligible input credit in GST returns for the financial years 2020-21, 2021-22, and 2022-23. The company plans to file an appeal against this order. Importantly, the management has indicated that this penalty is not expected to have a material impact on the financial or operational aspects of the business. Investors should note this development but maintain a focus on the company's ongoing operations and potential appeal outcomes.