MOIL Limited — Others, 16-01-2025: Action(s) initiated or orders passed

MOIL Limited has received a demand order from the Joint Commissioner of CGST & Central Excise, Jabalpur, requiring the company to pay GST of ₹20.29 crore and an identical penalty related to payments made under the Madhya Pradesh Gramin Avsanrachna Tatha Sadak Vikas Adhiniyam from July 2017 to December 2022. The company plans to appeal this order. Management asserts that this order will not impact ongoing operations or other activities. Investors should note the potential risk stemming from this financial obligation, although management's strategy to appeal may present a proactive approach to mitigate possible adverse effects.