BOROSIL RENEWABLES LIMITED — Others, 07-02-2025: Action(s) taken or orders passed

Borosil Renewables has announced a board meeting regarding a recent order from the Office of the Superintendent, CGST & Central Excise, demanding ₹34.67 crore, which includes a GST demand and penalty for alleged wrong migration of Central Tax Credit. The company asserts that this demand is not tenable and plans to appeal the order. While the financial impact is reported to be immaterial, this situation may raise investor concerns around regulatory compliance. However, management’s strong stance toward contesting the order presents a potential opportunity for a positive resolution.