Raw Edge Industrial Solutions Limited has provided an update on an ongoing litigation where a penalty of Rs. 10.61 Crore was initially imposed by the Central GST & Central Excise.

The company's subsequent appeal against this order was rejected, upholding the original penalty.

To contest this decision, the company has filed a writ petition before the High Court of Gujarat.

The matter is now pending adjudication, representing a material financial exposure and an ongoing legal challenge for the company.