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

Coromandel International Limited has disclosed the receipt of two demand orders from the Additional Commissioner of Central Tax for the periods 2017-18 to 2021-22, totaling ₹76.63 crore and ₹3.10 crore, respectively, related to alleged wrong availment of Input Tax Credit (ITC) and GST short payments. While these orders are serious, the company expects no material impact on its financials or operations and believes it has a strong defense in the appellate process. For investors, this situation presents a neutral impact, as the firm appears well-prepared to contest the claims.