Orient Paper & Industries Limited — Others, 27-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Orient Paper and Industries Limited has announced a board meeting to discuss updates related to ongoing tax litigations. The Supreme Court upheld a prior ruling regarding a service tax demand amounting to ₹3.08 crore but challenged the excessive penalty associated with the case, indicating potential for a reduction based on prior payments made. The court's decision, set to be reviewed in the week beginning 13th May 2025, may influence operational costs and cash flow for the company. This outcome presents a cautious outlook for investors, highlighting the risk of financial liabilities but also the possibility for a favorable adjustment in penalty.