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Sunflame Enterprises, a wholly-owned subsidiary of V-Guard Industries, has received three demand notices from the Assistant Commissioner of Revenue in West Bengal related to tax liabilities from the pre-acquisition period. The total potential financial impact of the notices amounts to approximately ₹45.25 lakh (₹42.25 lakh tax plus interest). Sunflame is currently reviewing the notices to determine necessary actions. This development may raise investor concerns regarding potential cash outflows and operational distractions, but clarity on the company’s strategy to address these notices could set a more positive outlook.