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An update from Amara Raja Energy & Mobility Ltd ( ($IN:ARE&M) ) is now available.
Amara Raja Energy & Mobility Ltd informed the exchanges about an order issued by the Office of the Assistant Commissioner in Ghaziabad under Section 73 of the CGST/UPGST Act, 2017. The order includes a tax of Rs. 1.89 crore, a penalty, and interest. The company has stated there is no financial or operational impact due to this order as it plans to appeal, asserting no excess Input Tax Credit (ITC) was claimed. This move demonstrates the company’s proactive approach to compliance and its commitment to resolving any regulatory concerns swiftly, mitigating risks for stakeholders.
More about Amara Raja Energy & Mobility Ltd
Amara Raja Energy & Mobility Ltd operates in the energy and mobility sector, delivering innovative technological solutions primarily focused on batteries, energy systems, and mobility infrastructure. The company is noted for its focus on sustainable and modern energy integrations.
Average Trading Volume: 27,606
Current Market Cap: 168.7B INR
For an in-depth examination of ARE&M stock, go to TipRanks’ Overview page.