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One 97 Communications Limited has disclosed a penalty order from the Central Goods and Service Tax (CGST) Department, imposing a total penalty of ₹1.19 crore on the company due to alleged non-compliance in tax invoice issuance for the fiscal years 2020-21, 2021-22, and 2022-23. The CEO is also subject to a separate penalty of ₹0.60 crore. The company is contesting this order and believes the demand is not maintainable, considering all options, including an appeal. While this penalty impacts finances, there is no anticipated effect on operations. Investors might view this as a potential risk, but the ongoing legal response may indicate a proactive stance by management.