Vodafone Idea Limited — Others, 19-02-2025: Action(s) taken or orders passed

Vodafone Idea Limited has disclosed the receipt of a Central Goods and Services Tax (CGST) Order, which imposes a penalty of ₹9.72 crore due to alleged excess availment of Input Tax Credit for FY 2020-21. The company disputes the order and plans to take necessary actions for its rectification. While the financial impact is significant, the company's intention to contest the ruling suggests a proactive stance in managing its obligations. This development may introduce uncertainties, but the firm’s commitment to legal recourse could provide a pathway to mitigate potential risks for shareholders.