Muthoot Finance Limited — Others, 31-03-2025: Action(s) initiated or orders passed

Muthoot Finance has announced a board meeting to discuss the order issued by the Telangana Commercial/State Taxes Department, which demands Rs. 14.83 Cr in tax and Rs. 8.92 Cr in penalties, plus 24% interest. The company firmly believes the allegations are unwarranted and is preparing a rectification application or appeal. They report no material impact on their financial or operational activities due to this order. Investor sentiment may remain stable, given the company's confidence in addressing the situation, which could mitigate concerns about financial strain.