Greenply Industries Limited has informed the Exchange about Action(s) taken or orders passed by the Assistant Commissioner Of State Tax, Jurisdiction, Ghatak 45 (Vadodara), Range - 12, Division - 5, Gujarat, State/UT, Gujarat in respect of Company's wholly owned subsidiary i.e. Greenply Speciality Panels Private Limited.
GREENPLY · price
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Awaiting price reaction for this filing.
Greenply Industries has informed the stock exchange that the Assistant Commissioner of State Tax in Vadodara, Gujarat, has passed an order or taken some action against the company's wholly owned subsidiary, Greenply Speciality Panels Private Limited. The exact nature of the order (whether a demand, penalty, or favorable ruling) is not clearly stated in the headline. No financial impact, order amount, or company response has been disclosed in this filing. The order pertains to state tax matters (likely GST or VAT) at the Gujarat jurisdictional level.
The specific impact on shareholders is unclear as the nature and quantum of the tax order are not mentioned. Investors should look for further clarification from the company on whether this involves a tax demand or penalty that could affect the subsidiary's financials.