Company Update

L.K.

Mehta Polymers has announced a notice from the Assistant Commissioner (Audit), Central GST, demanding Rs. 1.16 Cr for alleged short payment of tax due to the misclassification of plastic rope products for FY2018-19 to FY2022-23. The company plans to file an appeal against this order and currently cannot quantify the financial impact.

This tax dispute highlights potential risks related to classification and compliance that shareholders should monitor closely.