Page Industries Limited — Others, 09-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Page Industries has provided an update on its ongoing litigation concerning customs duty disputes related to import transactions from FY 15-16 to FY 20-21. The Commissioner of Customs initially demanded Rs. 86.2 Crore, which included penalties against certain personnel. After appealing the demand, Page Industries received a favorable ruling from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), later upheld by the Supreme Court, resulting in the dismissal of the Commissioner’s appeal.

This resolution could enhance investor confidence, as it removes a significant financial burden and may positively influence the company's operational stability. Overall, this development reflects a strong legal standing and reduced risk around import-related liabilities.