Everest Industries Limited — Others, 26-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Everest Industries Limited has announced the receipt of a Show Cause Notice from the GST Department concerning alleged excess Input Tax Credit claims for financial years 2018-19, 2020-21, and 2023-24. The total disputed amount is Rs. 1.05 Cr, comprising tax demand of Rs. 0.64 Cr and penalty of Rs. 0.41 Cr. The company states there is no material financial impact expected as it holds strong legal grounds and is preparing to defend itself. This matter currently does not affect the company’s operations or financial standing.