Ceigall India Limited — Others, 15-05-2025: Action(s) initiated or orders passed

Ceigall India Limited has announced a search by the Directorate General of GST Intelligence at its Ludhiana office, uncovering an unintentional wrongful claim of Input Tax Credit on IPO expenses amounting to Rs. 2.57 Cr including tax and penalty. The company has acknowledged the error and initiated steps to settle the dues. Operations continue smoothly, with this financial adjustment demonstrating the company’s focus on compliance and transparency without disrupting business activities.