Info Edge (India) Limited — Important, 03-01-2025: General Updates

The Superintendent of Central Tax has issued an order against Info Edge (India) Limited for tax demand related to GST input tax credit for FY 2017-18 and FY 2018-19. The total demand amounts to ₹2.64 lakh, with an equivalent penalty imposed. The company is currently evaluating the order and determining its next steps, as it believes the demand is appealable. However, the company has stated that this development should not have a material impact on its financials or operations. This situation suggests a need to monitor the company's response and any implications for its ongoing financial health.