Tega Industries Limited — Others, 31-01-2025: Action(s) taken or orders passed

Tega Industries Limited has received a GST Demand Order from the Assistant Commissioner CGST & CX, which claims a tax demand of ₹28.05 lakh along with a potential penalty of ₹28.05 lakh for the period from July 2017 to March 2018. The order alleges the availment of ineligible credits. However, the company states that this has no material impact on its financials or operations, as it plans to appeal against the order. Investor sentiment may lean towards a positive outlook, given that the company deems the order non-disruptive.