Camlin Fine Sciences Limited — Others, 14-01-2025: Action(s) taken or orders passed

Camlin Fine Sciences has received an Order from the Additional Commissioner of CGST & Central Excise, confirming a demand for IGST amounting to ₹3.33 crore, along with a penalty of the same amount, for the period from October 23, 2017, to March 31, 2022. The company indicated that this ruling will not materially impact its financials or operations, as it intends to challenge the order in higher courts. Investors may view this situation with a neutral outlook, given the company’s proactive approach to dispute the order, yet it remains a point of legal and financial scrutiny.