Everest Industries Limited — Others, 30-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Everest Industries Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company received a show cause notice from the GST Department for alleged discrepancies in GST filings for FY 2018-19, involving excess input tax credit claims and short payment totaling ₹8.27 Cr, including tax, interest, and penalty. Everest says this has no material impact on its operations or finances and is confident in its legal position, currently reviewing the issue and preparing to contest the notice if necessary.