Sapphire Foods India Limited — Others, 26-06-2025: Action(s) taken or orders passed

Sapphire Foods India Limited has announced a board meeting on the financial results for the quarter and half-year. The company has received an income tax order confirming a demand of INR 17.04 Cr (including interest of INR 3.91 Cr) related to non-deduction of TDS on year-end provisions for assessment years 2016-17 and 2018-19 to 2023-24. Sapphire disputes the claim and sees no material financial or operational impact, planning to challenge the order. Additionally, it received a GST show cause notice for INR 10.16 Cr alleging excess input tax credit claims from April 2018 to March 2022, which the company also disputes with no expected material impact.