Parag Milk Foods Limited — Others, 19-02-2025: Action(s) taken or orders passed

Parag Milk Foods has received penalty orders from the Income Tax Department totaling ₹2.39 crore for violations related to section 269T of the Income Tax Act for the assessment years 2020-21 and 2022-23. The company intends to appeal these orders, which currently have no operational impact. This development introduces some potential risk for investors due to the financial liability, but the company’s pursuit of appeal may mitigate longer-term concerns. Overall, while the immediate financial burden can affect cash flow, there are no anticipated disruptions to business operations.