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

Apcotex Industries has received a penalty order of ₹1,76,974 from the Deputy Commissioner of State Tax, Raigad Division, related to a GST investigation for the period April 2020 to March 2021. The company maintains a positive outlook, expecting a favorable resolution at the adjudicating authority level, and does not anticipate this penalty will materially affect its financial standing. This situation presents limited risk to shareholders, while the company's strong legal strategy suggests potential stability in operations and governance moving forward.