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

Adani Enterprises Limited has received a Demand Order from the Assistant Commissioner of State Tax, requiring payment of ₹11.56 lakh due to alleged excess availment of input tax credit for FY 2020-21. The company plans to appeal this demand, citing that the case lacks sustainability under the CGST Act, indicating no material impact on its financials or operations. Investors may view this as a neutral impact, given the company's stance and potential for resolution, although it underscores ongoing scrutiny in compliance matters.