GE Power India Limited — Others, 28-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

GE Power India Limited has disclosed a new tax litigation, where the Joint Commissioner of Central Goods and Service Tax in Noida has imposed a penalty due to alleged wrong availment of Input Tax Credit for FY 2020-21. The company is evaluating the situation and is considering filing an appeal against the order. The financial implications include a tax amount of ₹2.74 crore and a penalty of ₹0.27 crore. This development may create a cautious outlook among investors, given the potential financial exposure, but the company's proactive measures could mitigate long-term risks.