Godfrey Phillips India Limited — Others, 04-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Godfrey Phillips India Limited has received a significant order from the Additional Commissioner of Central Goods & Service Tax, confirming a demand for wrongly availed Input Tax Credit (ITC) amounting to ₹27.72 Crore, along with penalties totaling over ₹108 Crore. The company believes it has a strong case for appeal based on recent legislative changes and is evaluating its options. This outcome introduces potential financial strain, but may also present an opportunity if the appeal is successful. Investor sentiment could lean toward caution due to the financial implications of the order.