National Fertilizers Limited — Others, 22-04-2025: Action(s) initiated or orders passed

National Fertilizers Limited has received demand notices from the State Tax Officer regarding GST refunds claimed for FY 2021-22 and 2022-23, totaling approximately ₹193.51 crore. The Auditor questioned the legitimacy of these claims based on provisions related to accumulated input tax credit. Despite the demands, the company asserts there is no material impact on its financial or operational activities as it plans to formally respond to the notices. This situation may induce moderate concerns among investors due to potential risks in tax compliance, yet the company's stance suggests a stable outlook if resolved favorably.