Asian Granito India Limited — Important, 31-03-2025: General Updates

Asian Granito India Limited has announced a board meeting to address three orders from the Deputy Commissioner of Income Tax concerning Assessment Years 2016-17, 2018-19, and 2019-20. The company faces demand notices totaling approximately ₹67.29 crore (cr) primarily due to disallowed expenses and interest. The management is appealing against these orders and states that there will be no impact on operational activities. This announcement may generate investor concern regarding potential financial liabilities, but the proactive approach to appeal suggests a focus on maintaining financial health and mitigating risks.