JB Chemicals & Pharmaceuticals Limited — Important, 04-02-2025: General Updates

The Company has received a demand order from the Deputy Commissioner of CGST, Ranchi, Jharkhand, related to a mismatch in input tax credit, totaling ₹35.03 crore for the period from FY 2017-18 to 2022-23. Despite this order, the Company believes it has a strong case and plans to file an appeal against it. Notably, the management has indicated that there will be no impact on the Company's financial or operational activities as a result of this demand. Investors should watch closely as the situation develops, given the potential for either positive resolution or ongoing legal proceedings.