Birla Corporation Limited — Others, 01-02-2025: Action(s) taken or orders passed

Birla Corporation Limited disclosed that the Assistant Commissioner of State Tax in Raebareli has issued a demand order against its wholly-owned subsidiary, RCCPL. This relates to ineligible and blocked Input Tax Credit (ITC) claims from July 2017 to March 2021, totaling ₹4.28 crore (cr) plus interest. The company intends to appeal this order, believing the demands are unjustified and indicating a calculation error. This situation may pose a financial risk if not resolved, but effective management could mitigate long-term impact, potentially influencing investor sentiment due to the appeal process.