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

DLF Limited's wholly-owned subsidiaries, DLF Home Developers Limited and DLF Luxury Homes Limited, received orders from the Excise & Taxation Officer under the GST Act. The orders involve penalties of ₹20.41 crore and ₹33.13 crore, in addition to GST demands due to alleged violations related to non-deposition of GST and electricity income over the financial years 2017-18 to 2020-21. The company disputes these orders and plans to take appropriate action. While there appears to be no material impact on its operations or financial standing, this situation could generate investor concern regarding potential liabilities. Overall, it may lead to a cautious sentiment among investors, seeking clarity on future proceedings.