Hester Biosciences Limited — Others, 21-01-2025: Action(s) initiated or orders passed

Hester Biosciences has acknowledged a demand order from the GST Department in Panchkula, citing a claim for Input Tax Credit (ITC) amounting to ₹3.25 million, alongside a penalty of the same amount, related to the period FY 2017-18 to FY 2020-21. The company believes this demand lacks merit and is considering an appeal. Importantly, Hester anticipates no material impact on its financial or operational activities. While the situation could raise scrutiny, the potential for an appeal suggests an opportunity for the company to address the matter proactively, resulting in a neutral to positive outlook for investors.