Company Update

Innovators Façade Systems has received a penalty order of Rs. 1,67,077 from the GST Department, stemming from an audit for the period FY 2018-19 to FY 2022-23. The company is currently evaluating this order and plans to take appropriate actions, which may include appealing to higher authorities.

Management has clarified that they believe this penalty will not have any material impact on the company's financials, operations, or overall business activities, suggesting minimal concern for shareholders regarding this development.