Avenue Supermarts Limited — Others, 06-02-2025: Action(s) initiated or orders passed

Avenue Supermarts has received a tax demand order from the Assistant Commissioner of State Tax in Chennai. The order includes a demand of ₹3.45 crore, with additional interest of ₹3.49 lakh and a penalty of ₹3.45 lakh, related to disallowed Input Tax Credit for the financial year 2017-18. While the financial impact totals ₹6.39 lakh, the company does not anticipate significant effects on its operations. An appeal will be filed against the order. Investors might view this as a minor issue, leading to a neutral impact on sentiment, but warranting close monitoring.