Flair Writing Industries Limited — Others, 01-07-2025: Action(s) initiated or orders passed

Flair Writing Industries Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company received a show-cause notice alleging excess input tax credit claimed for FY 2018-19, involving Rs. 27.54 lakh (including equal tax and penalty amounts). Flair plans to contest this with strong grounds and expects no significant impact on its financials or operations at this stage. The final liability, if any, will depend on the outcome of the proceedings.