One 97 Communications Limited — Others, 04-02-2025: Action(s) taken or orders passed

One 97 Communications Limited received a demand order from the Central Goods and Services Tax (CGST) Department alleging incorrect input tax credit claims, amounting to a total GST demand and penalty of ₹7.47 crore (cr). The company contends that the demand is unsubstantiated and is considering appealing the order. While this poses a potential financial impact, management believes it will not adversely affect ongoing operations. Investor sentiment might reflect a cautious approach due to this unexpected liability, though the company's proactive stance could provide a positive outlook if the appeal materializes favorably.