Maral Overseas Limited — Important, 11-02-2025: Updates

The company has made a payment of Rs. 3.91 lakh to the Goods & Service Tax Authority as part of a penalty imposed by the Assistant Commissioner of Central GST & Division-1, Noida. This payment was completed under Section 74(11) of the CGST Act, allowing for a 50% reduction in the penalty if settled within 30 days of the demand. While this resolves the penalty issue, investors should monitor future financial implications stemming from compliance costs and any potential impact on operational cash flows.