TRF Limited — Others, 19-12-2024: Action(s) initiated or orders passed

TRF Limited has received a Demand Order from the Assistant Commissioner of CGST & Central Excise concerning an excess availment of Input Tax Credit for the financial year 2017-18. The order imposes tax, interest, and penalty totaling ₹1.18 crore. In response, the company plans to appeal the order based on legal counsel and its assessment of the situation.

This development may create a cautious sentiment among investors due to the financial implications, but the company’s proactive approach to appeal suggests a potential opportunity for a positive outcome. Investors should stay tuned for updates on the appeal process.