Honda India Power Products Limited — Important, 30-11-2024: General Updates

A notice has been received from the Superintendent of the Central GST Commissionerate regarding a discrepancy in the GST return for the fiscal year 2020-21, highlighting an inadmissible Input Tax Credit availed amounting to ₹22,435. However, the company has indicated that this matter does not have a material impact on its financials or operations. Currently, the company is assessing the situation and its options for appealing the notice. Investors should note that while this notification requires attention, the overall operational integrity of the company remains unaffected.