Ndr Auto Components Limited — Important, 22-04-2025: General Updates

The company has received an order from the Deputy Commissioner DGSTO-2 in Bengaluru, Karnataka, dropping previous proceedings related to a tax dispute. This matter arose from a tax ascertained payable due to the misclassification of goods, amounting to ₹11.91 crore (cr) for the period from April 2021 to March 2023. The appeal was formally concluded, and the demand has been dropped on its merits, indicating a positive development for the company. As this issue has not impacted financial or operational activities, the company maintains a positive outlook moving forward. Investors should monitor any future developments related to tax compliance to ensure continued operational stability.