Sarla Performance Fibers Limited — Others, 31-07-2025: Action(s) taken or orders passed

Sarla Performance Fibers has received a tax demand order from GST authorities, totaling approximately 20.79 Cr for alleged wrongful IGST and Input Tax Credit (ITC) refunds. An equal penalty of 20.79 Cr, plus interest, has also been imposed. The company asserts it complied with GST provisions, claiming refunds in good faith with supporting documents. Sarla Performance Fibers plans to legally challenge the order. Despite the demand, the company anticipates no material financial impact at this stage, reassuring investors about its financial stability regarding this issue.