Company Update

Raghuvir Synthetics received a Show Cause Notice from GST Intelligence regarding alleged Input Tax Credit violations from FY 2020-21 to FY 2024-25. The notice specifies an aggregate amount of approximately 2.24 Cr, covering tax, interest, and penalty.

The company maintains that its Input Tax Credit was appropriately availed under GST provisions and will submit a response.

Management states there is no material impact on the company's operations, suggesting confidence in their compliance despite the regulatory scrutiny.