Deepak Fertilizers and Petrochemicals Corporation Limited — Others, 28-01-2025: Action(s) taken or orders passed

Deepak Fertilisers has announced a board meeting regarding a penalty of ₹16.82 crore imposed by the Assistant Commissioner of GST and Central Excise for alleged violations under the Finance Act, 1994. The company has already addressed the tax and applicable interest, indicating that there is no material impact on its financials or operations. The company will consider legal advice on the next steps. This situation presents a neutral impact for investors, as the penalty is quantified but does not affect the company's overall financial health.