Madhav Copper Limited — Others, 02-06-2025: Action(s) initiated or orders passed

Madhav Copper has announced a board meeting on the financial results for the quarter and half-year. The company received a tax demand of Rs. 31.09 Cr plus interest and penalty from the Gujarat State Tax department over alleged wrongful input tax credit for FY 2021-22. Madhav Copper disagrees with the claim, believes there’s no significant impact on its finances or operations, and is evaluating next steps. Shareholders should watch this closely due to the size of the potential tax liability.