LMW Limited has informed the exchange about the Action(s) initiated or orders passed.
LMW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LMW Limited received an online communication on 9th June 2025 from the State Tax Officer (Intelligence), Roving Squad-II, Salem, regarding a discrepancy between the customer GST number and the material delivery address printed on an invoice. A penalty of Rs. 16,74,432 has been imposed for the month of June 2025. The company has stated there is no material impact on its financials, operations, or other activities. LMW plans to file an appeal before the Deputy Commissioner of State Tax, Tamil Nadu to contest the order.
The penalty amount is small relative to the company's size and is being contested, so it is unlikely to affect the stock price or shareholder value materially. Investors should monitor the appeal outcome, but this appears to be a routine tax compliance matter.