Shriram Pistons & Rings Limited — Others, 07-02-2025: Action(s) taken or orders passed

Shriram Pistons & Rings Limited received an order from the Assistant Commissioner, CGST, in Bhiwadi, imposing a tax demand of ₹1.42 crore along with a penalty of ₹1.42 crore for alleged misclassification of certain products under GST. The company has assessed this demand as not maintainable and is considering filing an appeal. Management projects no significant impact on financials or operations from this order, which may positively influence investor sentiment by highlighting the company’s proactive approach to regulatory challenges.