Aspinwall and Company Limited — Important, 03-04-2025: Updates

The Company has received a penalty notice from the Goods and Services Tax Department totaling ₹34,986 (Crore), which includes ₹17,493 for CGST and ₹17,493 for SGST covering the period from 2018-19 to 2022-23. However, the Company has stated that there is no material impact on its financial, operational, or other activities as a result of this order. Aspinwall intends to remit the penalty to the authorities shortly. This development underscores the importance of monitoring regulatory compliance, although the current exposure appears manageable. Shareholders should watch closely to see if this resolves smoothly without further implications for operations.