Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
INDOTHAI · price
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Awaiting price reaction for this filing.
Indo Thai Securities had earlier received a penalty of Rs. 43,45,851 from CGST and Central Excise, Division V Indore in April 2024 related to service tax under Section 73 of the Finance Act, 1994. The company filed an appeal against this order. On 2nd May 2025, the CGST and Central Excise authority passed an order dropping the proceedings entirely in favor of the company. The company confirmed this order has no material impact on its financial, operational, or other activities.
Positive for shareholders - the company successfully appealed and got the Rs. 43.46 lakh service tax penalty proceedings dropped, removing a lingering tax liability overhang with no financial impact on operations.