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

Nilkamal Limited received a GST assessment order from the Deputy Commissioner of Central Goods and Services Tax, Ranchi South Division, pertaining to the fiscal years 2017-2018 to 2022-2023. The order raises a demand of ₹22.84 lakh (cr), including tax of ₹7.74 lakh, interest of ₹6.82 lakh, and a penalty of ₹8.27 lakh, under Section 74 of the CGST/SGST Act. The company plans to seek expert advice and file an appeal against this order. However, it does not anticipate any material impact on its financial or operational activities due to this assessment. Shareholders should remain informed about the progress of the appeal, as this could affect the company's outlook in the near term.