Company Update

Raj Packaging Industries Limited has announced a board meeting to discuss an order from the Assistant Commissioner (ST) related to GST for FY 2020-21, amounting to ₹52.45 cr in tax and an equal penalty due to alleged discrepancies in billing.

The company asserts that the order lacks merit and anticipates a favorable outcome upon appeal, stating there will be no material impact on its financial or operational activities.

The delay in communication regarding this order is noted, but the management is exploring all legal avenues to address the situation.

This development may cause temporary investor concern, but the company's positive outlook suggests resilience.