Torrent Power Limited — Others, 07-02-2025: Action(s) taken or orders passed

Torrent Power Limited has received a rectification order from the Additional Commissioner of CGST, Ahmedabad, which withdraws a previous order imposing a tax and penalty of ₹5.44 Crore related to GST applicability on corporate guarantees provided for its subsidiaries. This reversal may enhance the company’s financial stance by alleviating the liability burden. Investors might view this as a positive development, potentially stabilizing sentiment as it reflects improvement in compliance matters and reduces financial risks associated with tax liabilities.