AVRO INDIA LIMITED has informed the Exchange about Action(s) taken or orders passed
AVROIND · price
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Awaiting price reaction for this filing.
The Assistant Commissioner, Lalitpur, UP GST Department had raised a demand of Rs. 1,10,796 on January 3, 2025, for transporting goods in a vehicle whose number did not match the e-way bill. Avro India filed an appeal against this order. On April 7, 2025, the Additional Commissioner Grade 2 (Appeal), Jhansi allowed the appeal and directed that the amount paid be refunded. The company has stated there is no financial, operational, or other impact from the matter.
The matter is now closed in the company's favour with a full refund ordered, so there is no material financial impact on shareholders. The small size of the demand (~Rs. 1.1 lakh) makes this a routine compliance event rather than a meaningful stock catalyst.