LIC Housing Finance Limited — Important, 10-02-2025: General Updates

The company has received a demand order from the Deputy Commissioner of Jaipur regarding GST under the RGST/CGST Act 2017. The total demand amounts to ₹88.24 crore, which includes GST and interest of ₹59.56 crore, along with a penalty of ₹8.82 crore. While this issue is serious, the company states that it will file an appeal within the stipulated timeline under the GST Act. Importantly, the company emphasizes that there is no material impact on its financials, operations, or other activities as a result of this demand. Investors should monitor this situation closely as it may present both risks and opportunities depending on the outcome of the appeal process.