Godavari Biorefineries Limited — Others, 03-04-2025: Action(s) taken or orders passed

Godavari Biorefineries has announced a board meeting to discuss a Demand Notice from the Centralized Processing Center of the Income Tax Department concerning a Rectification Order for AY 2020-21. The notice, received recently, indicates a demand of Rs. 1.49 crore due to adjustments related to TDS receipts and disallowance of deductions. The company asserts that the demand is unwarranted and plans to appeal against it, indicating no immediate negative impact on its financials or operations. This situation may present a neutral impact on investor sentiment, while potential risks around tax adjustments remain.