Safari Industries (India) Limited — Others, 18-11-2024: Action(s) taken or orders passed

Safari Industries (India) Ltd has received a demand order from the Office of the Assistant Commissioner in Varanasi for ₹5.10 lakh due to a mismatch of addresses in an E-way bill. The order, dated 16 November 2024, is under Section 129(3) of the SGST Act. However, the company states that this will have no material impact on its financials or operations. Investor sentiment may remain stable given the lack of significant financial repercussions, presenting a neutral outlook for stakeholders.