Company Update

Raghuvir Synthetics has received a GST Show Cause Notice concerning alleged violations in Input Tax Credit (ITC) availment for fiscal years 2020-21 to 2024-25. The notice seeks approximately ₹2.24 crore, which includes tax, interest, and penalties.

The company firmly believes its ITC claims were appropriate under GST laws and will submit a robust response.

Importantly, management states this matter will have no material impact on the company's operations, providing clarity for investors regarding this tax proceeding.