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

Bharti Airtel Limited has received two orders from the Central Goods and Services Tax authority, imposing penalties of ₹2.77 crore and ₹7.60 crore, alleging irregular input tax credit claimed during FY 2017-18 to 2021-22. The company disagrees with both orders and plans to take appropriate actions to contest them. Importantly, the management has noted that these penalties are not expected to materially impact the company's financial or operational activities. This development may create a neutral sentiment among investors, considering the company's proactive stance and the lack of significant financial repercussions.