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CEATLTD
The GST authorities have confirmed a demand of INR 4.7 crore along with an equal amount of penalty of INR 4.7 crore and applicable interest. The order relates to alleged contraventions regarding the availment and utilization of ineligible input tax credit during the specified financial year.
Company's Response and Impact Assessment
CEAT Limited has indicated that it is exploring the option of preferring an appeal against the said order. The company has assessed that there is no material impact expected on its financials, operations, or other activities.
The disclosure was made in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's authorized officers received the communication on March 30, 2026.
Regulatory Compliance
The filing demonstrates CEAT's adherence to regulatory disclosure requirements for material events that could potentially affect stakeholder interests. The company has provided comprehensive details as mandated under relevant SEBI regulations, ensuring transparency in its regulatory communications.#WatchOutFor#Today’sTradingSetup#StockInNews#PsychologyofMoney#EquityResearch
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