Nilkamal Limited — Important, 06-02-2025: General Updates

Nilkamal Limited has received notification regarding the restoration of a provisionally attached bank account for the fiscal periods 2021-22, 2022-23, and 2023-24, as communicated by the Office of the Assistant Commissioner of State Tax, Investigation - A, Mumbai. The company incurred a liability of ₹98,794 due to mismatches in tax filings, which has been settled. Previously, two of the company’s bank accounts were frozen to the extent of ₹29.04 lakh; however, this freeze has now been revoked. Importantly, this situation is not expected to materially impact the company's financial or operational activities. Investors should maintain a positive outlook as the issue has been resolved without significant financial repercussions.