RPSG VENTURES LIMITED — Others, 04-02-2025: Action(s) initiated or orders passed

Guiltfree Industries Limited, a wholly owned subsidiary of RPSG Ventures Limited, has received a tax demand order imposing a total liability of Rs. 78.28 crore, which includes Rs. 39.14 crore for short payment of GST due to product misclassification, along with an equivalent penalty amount. The company plans to appeal the decision and anticipates a favorable outcome, asserting that this order is not expected to materially impact its financial health. For investors, this situation presents a potential risk; however, the company’s response strategy may offer some reassurance regarding its operational stability.