Greenply Industries Limited — Others, 26-05-2025: Action(s) taken or orders passed

Greenply has received a tax demand of Rs. 3.84 lakh, along with interest of Rs. 2.87 lakh and an equal penalty for FY 2020-21, related to alleged excess input tax credit claimed due to vendor non-compliance. The company asserts it fulfilled all conditions for claiming ITC and is confident in contesting the order through rectification or appeal. This matter is not expected to significantly impact Greenply’s financial position or business operations.