Hindware Home Innovation Limited — Others, 27-02-2025: Action(s) taken or orders passed

Hindware Limited's subsidiary has received a Tax Demand Order from AVATO: State Tax, Delhi, requiring a payment of ₹46.49 lakh concerning excess Input Tax Credit for FY2020-21. The Company is currently assessing the order with legal advisors and plans to contest it, believing the demand is not maintainable in law. Despite the significant amount, there is no expected material impact on the company's financials or operations. This development may influence investor sentiment with a neutral outlook, as the company is proactively addressing the issue.