Graphisads Limited released its quarterly governance report.

The company confirmed that corporate governance provisions are not applicable to it as it operates on the SME Exchange.

The investor grievance redressal report showed no complaints for the quarter.

In an operational update, Graphisads acquired a 50.00% stake in Graphis Growthhon Event Solutions Private Limited.

The company also disclosed multiple tax-related penalties and demands from various authorities, including figures of Rs 789,300, Rs 3,409,764, and several others impacting its subsidiary.

The company has filed appeals against these orders, stating that these matters have no major financial impact on its operations or financial position.