Mahanagar Gas Limited — Important, 19-01-2025: General Updates

The company has received an order from the Joint Commissioner, CGST and Central Excise, confirming a GST liability of ₹54.33 crore, along with applicable interest and a 100% penalty under the CGST Act for the period from July 2017 to March 2022. The company intends to appeal this order and believes it will receive a favorable verdict at the appellate level. It does not anticipate that this order will lead to any material financial impact. Investors should monitor this situation closely, as the outcome could influence future financial performance.