Voltas Limited — Important, 11-01-2025: General Updates

The Company has received a tax demand order totaling Rs. 6.59 crore for tax, Rs. 5.62 crore for interest, and a penalty of Rs. 0.66 crore due to excess input tax credit claimed for the financial year 2020-21. The order was issued by the Commercial Tax Officer in Chennai, and the Company plans to appeal this decision. Importantly, the Company has indicated that this order will not have a material impact on its financials, operations, or overall activities. Investors may perceive this as a manageable issue, though monitoring the appeal's outcome is advisable.