Valiant Organics Limited — Others, 03-05-2025: Action(s) taken or orders passed

Valiant Organics has been imposed a penalty of Rs. 87.93 lakh by the Income Tax Department for AY 2020-21. The company plans to appeal and has requested a stay on the penalty proceedings until the appeal concludes. This issue does not affect the company’s operations or business activities. A delay in disclosure occurred due to communication sent to a former director’s email but has now been rectified. This emphasizes the company’s commitment to compliance and timely resolution of tax matters.