Apeejay Surrendra Park Hotels Limited — Others, 04-02-2025: Action(s) initiated or orders passed

Apeejay Surrendra Park Hotels Limited has announced a board meeting to discuss its financial results for the quarter and half-year. The company received a penalty order from the Assistant Commissioner of CGST & CX amounting to ₹83.81 cr due to issues related to short payment and irregular Input Tax Credit claims. This penalty could negatively impact the company's financials in the short term, raising concerns among investors regarding its cash flow and operational efficiency. The board meeting may provide insights into the management's strategy to mitigate this financial setback and restore investor confidence.