Salora International Ltd — Important, 23-03-2026: Company Update

Salora International has received communication from the GST Department concerning the provisional attachment of its bank accounts with Kotak Mahindra Bank and Canara Bank. The company clarifies this is an interim, provisional step and not a final tax liability determination. Salora is pursuing legal remedies, including filing objections and appeals, to challenge the order and is cooperating with authorities. It emphasizes that these proceedings are at a preliminary stage, representing a regular business matter.