CESC Limited — Important, 20-02-2025: General Updates

CESC Limited has received an order from the Government of West Bengal, imposing a tax, interest, and penalty totaling ₹9.81 Crore related to the fiscal year 2020-21 under the CGST/WBGST Act. The company plans to appeal the order, disputing the aggregate demand and is optimistic about receiving favorable outcomes from the appellate authorities. This matter may present a short-term financial impact, but the company’s proactive approach to contest the order suggests a potential mitigation of long-term risks. Shareholders should monitor the situation closely as the appeal progresses.