HP Adhesives Limited — Important, 30-04-2025: General Updates

HP Adhesives Limited received a final order from the Customs, Excise & Service Tax Appellate Tribunal confirming a demand of approximately ₹6.60 Lakhs, comprising a tax liability of ₹2.05 Lakhs, penalty of ₹2.05 Lakhs, and interest of ₹2.47 Lakhs regarding Cenvat credit disallowance for FY 2019-20. The company anticipates no significant financial impact on its operations from this obligation, which was previously reported as a contingent liability in its annual reports.