Flair Writing Industries Limited — Others, 22-11-2024: Action(s) initiated or orders passed

Flair Writing Industries Limited has received two show-cause notices regarding disallowed excess Input Tax Credit (ITC) for the fiscal year 2020-21, totaling approximately ₹1.43 crore for one notice and ₹15,440 for the other. While the company intends to contest these notices based on its merits, management asserts that the financial impact will be minimal and is manageable. This development highlights a potential risk for investors; however, the company's proactive stance suggests a strong resolve to mitigate the situation, maintaining an overall steady outlook.