Madhav Copper Limited — Others, 28-06-2025: Action(s) initiated or orders passed

Madhav Copper Limited has announced that the Assistant Commissioner of State Tax, Gujarat, issued an order under Section 74 of the GST Act for the financial year 2018-19, alleging wrongful availing of input tax credit. The total tax demand including interest and penalty amounts to approximately Rs. 90.32 Cr. The company does not agree with the order and is reviewing the matter to decide further action. This issue is not expected to have a material impact on the company’s financials or operations.