L&T Finance Limited — Important, 18-01-2025: General Updates

The company has reported that it received a monetary penalty of ₹87.35 lakh imposed by the Deputy Commissioner of State Tax in Mumbai for alleged violations, including excess claims of Input Tax Credit and short payments of Output Tax Liability and Reverse Charge Liability. However, the company is contesting the order and does not expect this to have a material impact on its financial performance. The situation remains under review as the company pursues appeals in higher appellate forums, indicating a strategic focus on minimizing potential financial repercussions. Investors should stay alert to updates that may influence the company's operational stability.