Kranti Industries Ltd — Important, 11-11-2025: Company Update

Kranti Industries has received a favorable final appellate order from the Deputy Commissioner of State Tax, Vadodara. An initial GST penalty of ₹0.11 Cr was previously imposed due to a clerical error involving an incorrect vehicle number in an E-Way Bill. The authority has now confirmed this was solely a clerical mistake. As a result, the company will receive a refund of ₹0.11 Cr, after a minimal penalty of ₹0.001 Cr is deducted. This positive outcome resolves the issue and has no material impact on Kranti's financials or business operations.