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Muthoot Finance has received an order from the State Goods and Service Tax Department, Kerala, regarding an alleged taxable corporate guarantee provided to its subsidiary. The order imposes a tax demand of Rs. 0.54 Cr, interest of Rs. 0.44 Cr, and a penalty of Rs. 0.54 Cr, totaling approximately Rs. 1.52 Cr. The company believes the allegation is not tenable and is in the process of appealing the order. Importantly, the company has clarified that this order will have no material impact on its financial, operational, or other activities, mitigating concerns for shareholders.