Greenply Industries Limited — Others, 26-02-2025: Action(s) taken or orders passed

Greenply Industries has announced a board meeting to address an order from the Assistant Commissioner of State Tax in Gujarat, demanding a total of ₹18.03 lakh in taxes, interest, and penalties related to discrepancies in GST filings for FY 2020-21. The company asserts it has complied with all tax obligations and will pursue rectification and/or appeal against this order, indicating a strong case based on merits. Despite the order, Greenply maintains that there is no material impact on its financial or operational activities. This situation may create a mixed sentiment among investors, as the company appears confident in contesting the tax order while ensuring ongoing compliance.