AGI Greenpac Limited — Others, 12-12-2024: Action(s) taken or orders passed

AGI Greenpac Ltd has received a Demand Order from the Assistant Commissioner, State Tax, in Vijayavada, Andhra Pradesh, related to a tax demand of ₹1 cr for the period 2023-2024 under the Andhra Pradesh Goods and Services Tax Act. The company reports no material impact on its financials or operations as it assesses the demand to be legally unsustainable. However, it has opted to settle the nominal amount to focus on operational continuity. This move could reflect a cautious management approach, likely fostering neutral investor sentiment amid minimal risk exposure.