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

Indus Towers Limited has disclosed that the Excise and Taxation Officer (Gurgaon) has imposed a penalty of ₹14.3 Cr due to short reversal of Input Tax Credit. The company plans to contest the order at the Appellate Authority, asserting that it disagrees with the allegation and anticipating no material impact on its financials or operations. This announcement may create a neutral impact on investor sentiment as the company seeks to address the penalty while maintaining operational stability. The pursuit of an appeal demonstrates a commitment to challenge regulatory outcomes that could affect its fiscal health.