Greenply Industries Limited — Others, 19-07-2025: Action(s) taken or orders passed

Greenply has received a favorable order from the Additional Commissioner (Appeals), who has overturned an earlier penalty of around 1.81 Cr imposed by the Assistant Commissioner. The original penalty was related to alleged late tax payment on royalty. The appeals authority found the allegation for imposing the penalty was not established, quashing the prior order. The company states there is no material impact on its financial or operational activities, which is a positive update for shareholders.