Madhav Copper Limited — Others, 04-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Madhav Copper Limited has provided an update on past actions by GST authorities concerning alleged wrongful Input Tax Credit (ITC) availment. While a search, provisional asset attachments, and even the arrest of a director occurred, the High Court granted bail, and all provisional attachments have since been removed. The company has filed appeals regarding the ITC demand of Rs. 137 Crore, and these matters are currently pending. The company states there is no financial or operational impact beyond this outstanding demand.