Ircon International Limited — Others, 24-10-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

IRCON announced that the GST Commissioner (Appeals) has set aside a previous order against its subsidiary, Ircon Vadodara Kim Expressway Limited (IrconVKEL), relating to a disputed GST demand of ₹191.16 Crore. The new ruling eliminates the financial liabilities previously assessed, resulting in no financial implications for the company. This favorable decision provides significant relief to IrconVKEL.