Zinka Logistics Solutions Limited — Important, 25-02-2025: Updates

The company has received an order confirming a demand for wrongly availed Input Tax Credit (ITC) amounting to ₹10.02 crore, covering the period from April 2020 to March 2021. This demand includes interest and a penalty totaling ₹1.00 crore. Specific assessments include claims of ITC under IGST, CGST, and KGST, alongside respective interest figures. The company asserts a strong case for appeal against this order, indicating potential financial implications but remains optimistic about a favorable outcome. Investors should monitor this situation closely as it may influence the company’s financial position and operational outlook.