Sapphire Foods India Limited — Others, 01-07-2025: Action(s) taken or orders passed

Sapphire Foods India has received a dismissal order from the Joint Commissioner of Commercial Tax, Bengaluru, confirming a GST demand of INR 30.74 million, which includes tax, interest, and penalty related to disallowed input tax credit utilization for FY 2019-20. The company states this ruling has no material impact on its financials or operations. Management is reviewing the order and plans to challenge the demand through appropriate legal channels, reflecting ongoing tax compliance vigilance and risk management. This update is relevant for shareholders monitoring the company's regulatory and financial health.