PNB Housing Finance Limited — Others, 01-02-2025: Action(s) taken or orders passed

PNB Housing Finance has received a penalty order totaling ₹12.93 crore from the Joint Commissioner of CGST & Central Excise for allegedly passing on ineligible input tax credits related to the period from July 2017 to March 2020. While the firm plans to appeal the order, it states there is no material impact expected on its financials or operations. This news suggests potential short-term uncertainty but may not significantly alter the company's financial standing, leading to a neutral impact on investor sentiment in the near term.