Genesys International Corporation Limited — Others, 07-02-2025: Action(s) initiated or orders passed

Genesys International Corporation Limited has received a demand notice from the GST department concerning an alleged tax liability of ₹1.09 crore (cr), including a penalty of ₹1.09 cr related to excess input tax credit claims. The company is evaluating its options to contest this demand. However, management indicates that there is no significant impact on its financials or operations from this notice. Investors may view this as a potential risk, but the company's proactive approach to addressing the matter could reflect positively on its governance and management strategy.