Bajel Projects Limited — Others, 13-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bajel Projects Limited has disclosed that the Joint Commissioner of State Tax, Danapur Circle-1, has raised a demand of ₹3.90 crore in tax and interest due to a mismatch in GSTR3B and GSTR7 returns. The company maintains it has complied with all tax obligations and believes it has a strong case to contest this demand. It expects no impact on its financial operations or overall activities, as it prepares a formal response to the GST Authority. This development suggests a neutral impact on investor sentiment, with potential risk if the case is not resolved favorably.