Larsen & Toubro Limited — Important, 25-10-2024: General Updates

Larsen & Toubro Limited announced that the Joint Commissioner of CGST & Central Excise has imposed a penalty of ₹2,85,51,602 for disallowed transitional credit. The company disputes this order and plans to appeal, expecting a favorable outcome. They believe there is no material impact on their financial or operational activities. The company remains committed to addressing this issue and will keep shareholders informed of any updates.