Nila Infrastructures Limited — Important, 04-02-2025: Updates

Nila Infrastructures Limited has received a demand order from the Office of the Additional Commissioner—Central GST Ahmedabad South, related to the disallowance of Input Tax Credit. The total tax liability in question amounts to INR 2.03 Crore, accompanied by a penalty of an equal value and applicable interest. The company is currently reviewing the demand order and intends to appeal based on legal advice. Importantly, the financial impact is expected to be confined to the aforementioned amounts, with no other significant repercussions on the company’s operations or activities reported at this time. Shareholders should monitor developments closely, as the outcome of the appeal could influence the company's financial standing.