Gopal Snacks Limited — Important, 16-04-2025: General Updates

The company has received a Show Cause Cum Demand Notice from the Audit Commissionerate in Nagpur regarding an alleged excess availment of input tax credit from April 2020 to March 2023, amounting to ₹17.46 lakh (GST inclusive). However, the company is poised to contest the notice based on strong legal grounds and believes there will be no material financial or operational impact. The company is preparing an appropriate response within the stipulated timeline, expressing confidence in a favorable resolution. Investors should note this situation and monitor developments, as it may present slight risks but is currently viewed as manageable.