Greenply Industries Limited — Others, 11-03-2025: Action(s) taken or orders passed

Greenply has announced a board meeting to address an order from the Assistant Commissioner of Lucknow regarding its subsidiary, Greenply Sandila Private Limited. The order demands a total tax amount of ₹6.26 lakh, along with interest and penalties, related to the fiscal year 2022-23. Greenply asserts it has fulfilled all conditions for the Input Tax Credit (ITC) and plans to file an appeal against this order, citing a strong case based on merits. The company indicates that this matter is not expected to materially impact its financials or operations. Investors may view this as a manageable challenge, ensuring a stable outlook amid legal proceedings.