BASF India Limited — Others, 05-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

BASF India Limited has announced a board meeting to discuss ongoing tax litigation, following a confirmation of a tax demand totaling Rs. 55.5 crore, which includes Rs. 27.75 crore in penalties, from the Central GST office. The demand arises from a dispute over CENVAT credit related to the setup of a manufacturing plant at Dahej, deemed improperly claimed due to regulatory amendments. The company plans to contest this decision, signaling potential legal expenses and operational adjustments. Investors might view this as a risk due to financial exposure but retain a positive outlook pending the outcome of the legal proceedings.