RPG Life Sciences Limited — Important, 07-02-2025: General Updates

The company has received an order from the GST Authority concerning excess Input Tax Credit (ITC) claimed for the financial year 2017-2018. The total demand amounts to ₹59,41,482, which includes a tax of ₹29,70,741 and a penalty of the same amount. The Deputy Commissioner Lucknow-I issued this order, and the company plans to contest it legally. Notably, the management indicates no material financial impact from this order is expected, suggesting a proactive stance on maintaining its operational stability. Investors should monitor how this situation develops, as it could influence overall market perception.