Steel Strips Wheels Limited — Others, 16-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Steel Strips Wheels Ltd. has announced a favorable Gujarat High Court ruling that allows it to claim IGST refunds on exports by upholding a key notification. This overturns a prior show cause notice in a GST dispute, enabling the company to recover Rs. 7.62 Cr in GST refunds plus Rs. 15.24 Cr in interest and penalties. This outcome strengthens the company’s financial health by addressing a significant outstanding tax demand, reducing uncertainty, and improving cash flow prospects for stakeholders.