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

Bharti Hexacom Limited has announced a board meeting to discuss a recent penalty imposed by the Central Goods and Services Tax Division, totaling ₹12.55 cr and ₹28.37 cr over alleged irregularities in input tax credit claims from FY 2017-18 to FY 2022-23. The company disagrees with these orders and plans to take action for rectification. This situation may create a negative short-term impact on investor sentiment due to the financial liabilities involved, but the company's proactive approach to challenge the penalties could offer a potential path for recovery and reaffirm its commitment to compliance.