Tata Chemicals has informed that the Company has received an Order from Commissioner of CGST & Central Excise (Appeals-II), Mumbai, levying a penalty of Rs 16,76,515, under the Finance Act,1994. Based on the merits of the matter, prevailing law and the advice of the counsel, the Company is planning to appeal against these orders before the appellant authorities and reasonably expects favourable orders from the appellant authorities. The information as required under Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed in the Annexure.
The above information is a part of company’s filings submitted to BSE.
