SMVD Poly Pack Limited — Others, 27-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

SMVD Poly Pack Limited has announced a board meeting to discuss updates on ongoing GST litigations. The company plans to settle a GST demand for the fiscal year 2018-19 amounting to ₹9.09 lakh under a government amnesty scheme, making a payment of ₹4.31 lakh. Additionally, it has applied for the settlement of a GST demand for 2019-20 totaling ₹47.54 lakh, with a payment of ₹24.30 lakh made. Both settlements will result in the waiver of interest and penalties, positively impacting the company’s financial health by reducing potential liabilities. This strategic move may enhance investor sentiment, positioning the company favorably in the market.