Storage Technologies and Automation Ltd — Important, 22-12-2025: Company Update
22-12-2025 | 12:01 pm
22-12-2025 | 12:01 pm
Storage Technologies and Automation has received an order from the GST Department for FY 2021-22, related to an excess Input Tax Credit claim. The order comprises a tax demand of ₹6,376, interest of ₹4,208, and a penalty of ₹20,000, summing up to ₹30,584. The company states this disclosure is voluntary as penalties under ₹1 lakh are typically reported quarterly. Management asserts that this order is not expected to materially impact the company's financial operations or business activities, reassuring shareholders.
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