Shalby Limited — Others, 06-02-2025: Action(s) taken or orders passed

Shalby has announced a board meeting to address a demand order from the Goods and Service Tax Office involving a penalty and tax credit claim of ₹6.21 crore. The company intends to challenge this order, asserting no immediate financial implications, and is optimistic about a favorable outcome based on legal counsel and judicial precedents. This situation may introduce a potential risk but also reflects Shalby’s proactive stance in defending its interests, which could positively affect investor sentiment if the appeal succeeds.