Godavari Biorefineries Limited — Others, 04-01-2025: Action(s) initiated or orders passed

Godavari Biorefineries has received a demand notice from the Additional Commissioner of Central Tax, Belagavi, related to non-payment of Goods and Service Tax on Extra Neutral Alcohol (ENA) clearance for the period from July 2017 to March 2021. The total demand amounts to Rs 468.45 crore for GST and an equal amount as penalty. The company has indicated that this demand will not materially impact its financials or operations and is evaluating the situation to determine the best course of action. Investors may view this update as a neutral impact, given the company's confidence in addressing the demand effectively.