KEI Industries Limited — Important, 01-02-2025: General Updates

KEI Industries Limited has received a GST demand order for ₹59.04 crore (cr) from the Additional Commissioner, Central Goods & Services Tax, Delhi East. This demand stems from alleged non-compliance between the financial years 2017-18 and 2020-21, relating to the treatment of certain expenditures for services provided by the corporate office to its branches. However, the Company believes that this demand is not maintainable and is actively considering options, including appealing the order. Management does not anticipate any significant impact on the company's financials or operations from this matter. Watch closely for further developments as the situation unfolds.