Godavari Biorefineries Limited — Others, 18-01-2025: Action(s) taken or orders passed

Godavari Biorefineries has received a Demand Notice from the Assistant Commissioner Central Tax (Central GST) regarding input tax credit on supplies where the supplier has not paid the GST. The notice cites a demand of ₹73.64 lakh (7.36 cr) for irregularly availed input tax credit plus applicable interest and a penalty of the same amount. However, the company asserts that there is no material impact on its financials or operations and is currently evaluating the demand for appropriate actions. Investors may view this situation as a neutral impact, pending further developments.