Aarti Drugs Limited — Others, 28-01-2025: Action(s) taken or orders passed

Aarti Drugs Limited has received a provisional attachment order from the Office of the Joint Commissioner of State Tax, directing Union Bank of India and State Bank of India to debit freeze its bank accounts. This action follows a tax ascertainment notice alleging a liability of ₹13.36 crore, including interest and penalties. The company plans to contest the order and believes it could face financial repercussions, though the exact impact remains uncertain pending further developments. Investor sentiment may lean cautious as this could pose a potential risk to cash flow and operational stability.