Indus Towers Limited — Others, 27-02-2025: Action(s) taken or orders passed

Indus Towers Limited has announced a board meeting to address an order from the Joint Commissioner of State Tax (Bihar), which levied a penalty of ₹4.53 crore related to the disallowance of Input Tax Credit on towers under the GST Act. The company disagrees with the ruling and plans to contest it, asserting that it will not materially impact its financials or operations, as the matter has previously been resolved by the Supreme Court. Investors may view this as a positive outlook, considering the company's confidence in challenging the penalty without significant repercussions on its activities.