Bajel Projects Limited — Others, 18-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bajel Projects Limited has announced a board meeting regarding a tax demand from the GST Authority, totaling Rs. 261.82 crore for the financial years 2023-24 and 2024-25, due to discrepancies in filings. The company asserts it has complied with relevant tax regulations and believes it has a strong case to contest the demand. Currently, the company is preparing a response to the Show Cause Notices, indicating no immediate impact on its financial operations. This development may create a neutral sentiment among investors, as it reflects proactive measures to address potential liabilities while maintaining operational stability.