Flair Writing Industries Limited — Others, 11-02-2025: Action(s) initiated or orders passed

Flair Writing Industries Limited has disclosed an audit observation from the Office of the Joint Commissioner of State Tax, Surat, regarding return-based violations for FY 2021-22 and FY 2022-23. The company has been notified of a total demand amounting to ₹95,00,590 (including taxes, penalties, and interest) for FY 2021-22, and ₹78,80,221 for FY 2022-23. The company plans to contest the demand, asserting strong grounds for its case. While this situation reflects ongoing scrutiny, the potential impact on financials is deemed minimal, maintaining a neutral outlook for investors amid the resolution process.