SMVD Poly Pack Limited — Others, 22-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

SMVD Poly Pack Limited has provided an update on ongoing tax litigation concerning a GST demand of ₹47.54 lakh for the financial year 2019-20. An appeal was filed against this demand, and the company has already settled ₹24.30 lakh under a government amnesty scheme. The current status indicates the litigation remains pending, but it is expected that interest and penalties will be waived upon full settlement. This situation underscores the company’s proactive approach in managing tax disputes, potentially reducing future liabilities and enhancing its financial health. Investors may view this as a positive step towards operational stability and compliance.