Skipper Limited — Others, 30-11-2024: Action(s) initiated or orders passed

Skipper Limited has received a Show Cause Notice from the Assistant Commissioner of State Tax in Guwahati, citing a penalty of ₹1.97 crore for excess ITC claimed in FY 2020-21. While this could raise concerns among investors, the company states there is no material impact on its financials, operations, or activities. A response to the notice will be filed within the stipulated time. This situation presents a potential risk for investors, but the company's reassurances suggest a manageable outcome.