Acutaas Chemicals Limited — Important, 04-02-2025: General Updates

Ami Organics Limited has received an order alleging ineligible Input Tax Credit (ITC) of ₹15.44 cr along with a penalty of ₹15.44 cr under the Central Goods and Service Tax Act for the financial year 2017-18. The order was issued by the Superintendent of Central Goods and Service Tax, Surat, and the company is currently assessing the implications. Management intends to file an appeal against this order, expressing optimism for a favorable outcome. They do not expect this development to materially impact the financial operations of the company. Investors should monitor this situation closely, given the potential implications on the company's finances.