ZUARI INDUSTRIES LIMITED — Others, 23-02-2025: Action(s) taken or orders passed

Zuari Industries Limited has received an order from the Joint Commissioner of the Corporate Circle in Lucknow regarding a GST assessment for the year 2020-21, imposing a tax and penalty totaling ₹2.69 crore. The company is currently appealing the decision and does not anticipate any material impact on its financial or operational activities. This development suggests a proactive stance by management to address tax-related challenges, reflecting a commitment to maintaining stability. Investors may view this as a neutral impact, considering the appeal process and management's assurance of limited disruption to operations.