G R Infraprojects Limited — Others, 20-01-2025: Action(s) initiated or orders passed

Reengus Sikar Expressway Limited, a subsidiary of G R Infraprojects, has received a GST order from the Udaipur Tax Authority for an alleged non-payment amounting to ₹25.91 crore, alongside a similar penalty. Despite this setback for the period from July 2017 to August 2022, the company plans to appeal the decision, expressing confidence in a favorable outcome. This event could present a short-term challenge, but if resolved positively, it may restore investor confidence and stabilize sentiment, maintaining a mostly neutral outlook on the company's operations.