Panchmahal Steel Ltd — Important, 06-12-2025: Company Update

Panchmahal Steel has received notices from the Gujarat High Court regarding two tax appeals filed by authorities challenging earlier favorable CESTAT orders. These appeals concern the disallowance of CENVAT Credit on raw materials. The financial claims, including penalties, are Rs 8.41 Cr and Rs 6.33 Cr. The company, however, anticipates a favorable outcome, citing similar case judgments and the initial CESTAT orders. This development is relevant for shareholders as it involves significant disputed tax amounts.