Shanthi Gears Limited — Others, 05-02-2025: Action(s) taken or orders passed

Shanthi Gears Limited has received a penalty order totaling Rs. 2.02 crore from the Office of the Assistant Commissioner of GST for the wrong availment of a concessional GST rate and short payment. The company is evaluating the situation and plans to appeal the decision. While this represents a significant financial hit, management asserts there will be no material impact on the company's overall financial health or operations. Investors may view the appeal process as a potential risk, but with no immediate operational disruptions, the overall outlook remains stable.