Bharti Airtel Limited — Others, 24-01-2025: Action(s) taken or orders passed

Bharti Airtel has announced a board meeting to discuss an order received under the Central Goods and Services Tax Act, which imposes a penalty of ₹29.97 crore. The company contests the order related to alleged irregularities in input tax credit for the fiscal years 2017-18 to 2020-21 and plans to take appropriate actions. While the penalty is significant, the company asserts that it will not materially impact its financial or operational activities. Investors may view this as a potential risk but the company's position suggests a proactive approach, indicating a positive outlook on mitigating the issue.