L&T Finance Limited — Others, 05-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

L&T Finance Limited has received a penalty order from the Additional Commissioner of CGST & C.EX. amounting to Rs. 112.02 crore related to alleged invoice discrepancies in their marketing services linked to retail lending. The company contests this order, believing it lacks merit as they have duly paid the applicable GST. The management expects the situation to have no significant financial impact, as they are appealing the decision. Investor sentiment may reflect a neutral impact, considering the company’s confidence in resolving the issue without major repercussions.