APL Apollo Tubes Limited — Important, 05-02-2025: Updates

The company has received a GST demand order totaling ₹28.04 crore from the Joint Commissioner Corporate Circle-II in Ghaziabad for the financial year 2017-18. The demand consists of ₹14.02 crore as tax and an equal penalty amount. Although the company acknowledges the order, it asserts that there is no material impact on its financials, operations, or other activities. The management believes the demand is unsustainable and is currently considering appealing the order. Investors should monitor this situation closely, as the outcome might affect the company's financial standing or operational strategy.