Sharda Motor Industries Limited — Others, 31-03-2025: Action(s) initiated or orders passed

Sharda Motor Industries Limited has announced a board meeting to discuss operational updates following a recent inspection by the GST department at its Nashik and Chakan factories. The search, conducted from March 25 to March 30, 2025, did not disrupt operations, and the company fully cooperated with authorities. A deposit of Rs.6.05 Cr was made regarding identified items, which is partially eligible for input tax credit. This situation is not expected to materially impact financial or operational activities, suggesting a stable outlook for the company despite the inspection, which may ease investor concerns about compliance risks.