Greenply Industries Limited — Others, 14-02-2025: Action(s) taken or orders passed

Greenply Industries Limited has received an order from the Assistant Commissioner of Central Goods & Services Tax in Nagaland, demanding a penalty of ₹1.81 crore for late payment of tax on royalty payments made from July 2017 to December 2022. The company has already paid the applicable taxes with interest and believes it has a strong case to contest the order, planning to file for rectification or appeal within the prescribed timeline. There is no material impact on the company's financials or operations anticipated from this situation. Investors may view this as a neutral impact, given management's confidence in addressing the matter.