Flair Writing Industries Limited — Others, 05-02-2025: Action(s) initiated or orders passed

Flair Writing Industries Limited has announced a board meeting to address the Order-In-Original issued under Section 74 of the CGST Act, 2017, concerning disallowed input tax credit (ITC) for FY 2017-18. The order imposes a demand for IGST of ₹14.65 lakhs, coupled with a penalty of the same amount. While the company plans to contest this order on strong merits, it notes no material impact on its financials or operations at this time. Investors may view this as a potential risk; however, the company's proactive stance suggests a positive outlook in mitigating the situation.