Gravita India Limited — Important, 27-03-2025: General Updates

Gravita India Ltd. has received a notice from the Income Tax Department demanding a total of ₹41.49 Cr (₹30.01 Cr in tax and ₹11.48 Cr in interest) based on an assessment order dated March 25, 2025, for the AY 2022-23. The company believes that the demand is not justified and plans to appeal, citing confidence in a favorable outcome. This situation may not adversely impact the company's financials, suggesting a positive outlook as investors can expect management to navigate this challenge effectively. The firm is also taking proactive steps to address the matter legally.