Vikas Lifecare Limited — Important, 10-02-2025: General Updates

The Office of the Principal Commissioner, CGST & Central Excise Commissionerate in Jaipur has issued an order proposing a basic tax demand of approximately ₹18.24 crores (cr) against Vikas Lifecare Limited, citing a difference in Input Tax Credit availed. While the company intends to file an appropriate appeal against this order, it has stated that there will be no significant impact on its financial or operational activities, other than the imposed amount. Investors should monitor this situation closely, as the company's response and resolution of the tax matter may influence future performance.