Ndr Auto Components Limited — Important, 11-02-2025: Updates

NDR Auto Components Limited has received a Notice of Demand from the Income Tax Department for a penalty of ₹94.68 crore concerning the Assessment Year 2022-23. The company intends to contest this order through an appeal. Management, supported by legal counsel, is optimistic about a favorable resolution. Consequently, no adverse impact on the company's financials or operations is anticipated related to this penalty. Investors should monitor this situation as the appeal progresses, maintaining a positive outlook given the management's confidence.