A2Z Infra Engineering Limited — Others, 31-12-2024: Action(s) initiated or orders passed

A2Z Infra Engineering Limited has received a demand notice from the GST Department for INR 9.60 cr, covering the fiscal years 2017-18 to 2022-23, including penalties. The company is currently challenging this order in the Punjab and Haryana High Court, where a stay on recovery has been granted. Despite the ongoing litigation, the company anticipates a favorable outcome, suggesting no immediate financial impact. Investors may view this development as a potential risk, but the prospects of a positive resolution could enhance market confidence in the company’s financial stability.