TCI Express Limited — Others, 24-12-2024: Action(s) initiated or orders passed

TCI Express has announced a board meeting to discuss a demand order for ₹51.36 crore related to GST under Section 74(1) for the period FY 2017-18 to 2021-22. The company disputes the order, claiming it arises from interpretive differences and intends to file an appeal, supported by legal counsel, asserting the claims are legally untenable. While the financial impact is significant, TCI Express believes this demand will not result in actionable claims against the company. This update may lead to a neutral impact on investor sentiment, pending the outcome of the appeal.