Filatex India Limited — Others, 04-02-2025: Action(s) taken or orders passed

Filatex India Limited has received a GST Demand Order, amounting to ₹8.16 crore for the tax period from July 2017 to March 2021. The order was issued for non-discharge of GST on deemed supply of services by its corporate office to manufacturing plants. The company plans to appeal this decision and is optimistic about a favorable outcome, not anticipating any material financial impact from the order. Investors may view this development as a potential risk; however, the company’s proactive approach in seeking appeal may contribute to a positive outlook in the long run.