Blue Star Limited — Others, 02-12-2024: Action(s) taken or orders passed

Blue Star Limited has received two notices from the Office of the Collector of Stamps Enforcement in Mumbai. The first demands a penalty of Rs 54,161 for a short levy on a work contract agreement from November 30, 2018. The second seeks Rs 1,50,000 for a similar issue related to a work contract from June 28, 2019. The company may consider settling these amounts; however, management indicates that these penalties will not significantly affect the company's financial position or operations. Investors may view this as a neutral impact, as the financial implications appear minimal.