Shivam Autotech Limited — Important, 28-11-2024: Updates

Shivam Autotech Ltd has confirmed the conclusion of a GST audit conducted for the period from April 2020 to March 2021 by the Haryana Excise & Taxation Department. The audit found no further proceedings necessary, as the company has settled tax dues amounting to ₹10.76 lakh along with applicable interest and penalty. Consequently, the audit proceedings are officially closed. Importantly, there is no material impact on the company's financial or operational activities due to this matter. The company plans to respond to any further queries based on strong merits. This development suggests a positive outlook as the financial implications are limited, ensuring stability in operations.