Deepak Fertilizers and Petrochemicals Corporation Limited — Others, 16-01-2025: Action(s) taken or orders passed

Deepak Fertilisers has received an order imposing a total demand of Rs. 3.66 crore from the Assistant Commissioner under the CGST/SGST Act, which includes a penalty. The company has cited several alleged violations regarding Input Tax Credit (ITC) claims, stating that it plans to challenge the order in an appropriate forum, asserting that the demands are not tenable. There is no expected material impact on the company's financials or operations from this penalty. Investor sentiment may remain stable as the firm appears confident in its legal standing while navigating this challenge.