Delta Manufacturing Limited has informed the Exchange about General Updates
DELTAMAGNT · price
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Awaiting price reaction for this filing.
Delta Manufacturing Limited has received an order from the Office of the Deputy Commissioner of State Tax, Nashik, concluding proceedings under Section 128A of the CGST Act, 2017 for the financial year 2017-18. Under this order, a total waiver of interest and penalty amounting to Rs. 3,55,882 has been granted to the company. The company has stated that there is no material impact on its financial, operational, or other activities as a result of this order. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations.
This is a minor, positive development for shareholders, as the company benefits from a waiver of interest and penalty on a past GST matter. Given the small amount (about Rs. 3.56 lakh) and the company's confirmation of no material impact, this is unlikely to affect the stock price.