ZUARI INDUSTRIES LIMITED — Others, 17-02-2025: Action(s) taken or orders passed

Zuari Industries has received an order from the Joint Commissioner of Central Goods and Service Tax in Lucknow, imposing a tax of ₹2.53 crore due to the disallowance of Transitional Credit (TRAN-1) along with interest and a penalty. The order, dated January 31, 2025, pertains to alleged wrong availment of Input Tax Credit for the 2017-18 period. The company plans to appeal the decision but does not expect any significant impact on its financial or operational performance. This development may introduce some uncertainty, but the firm’s proactive approach suggests a neutral impact on investor sentiment.