Petronet LNG Limited — Others, 25-02-2025: Action(s) taken or orders passed

Petronet LNG Limited has received a tax demand order from the Department of Goods and Service Tax, amounting to ₹33.68 crore, which includes a penalty and interest related to fiscal year 2020-2021. The company believes this demand is unjustified and plans to pursue legal action with its advisors. Management anticipates no material impact on its financials or operations as a result of this order, which could reassure investors regarding the company's stability. This situation presents a potential risk but also an opportunity for investors if the company successfully contests the demand.