Torrent Power Limited — Others, 04-02-2025: Action(s) taken or orders passed

Torrent Power Limited has received a penalty order from the Additional Commissioner of CGST for ₹5.44 crore concerning GST on Corporate Guarantees provided for its subsidiaries. The company plans to challenge the decision, which derives from earlier proceedings with the Gujarat High Court. While the order represents a significant sum, Torrent Power states there will be no material adverse effects on its financial operations. This announcement may create a cautious sentiment among investors, though the anticipated legal challenge introduces uncertainty that could influence future evaluations.