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Madhav Copper Ltd. ( (IN:MCL) ) has provided an update.
Madhav Copper Limited has disclosed a delay in compliance with SEBI’s Regulation 30 due to the COVID-19 pandemic, with no malafide intent. The company faced a GST search by SGST authorities, resulting in provisional attachment of assets and a temporary GST number cancellation. Although the company’s operations were impacted, there is no financial impact except for a demand of Rs. 137 Crore for wrongful Input Tax Credit availment, which is under appeal.
More about Madhav Copper Ltd.
YTD Price Performance: -23.02%
Average Trading Volume: 32,437
Current Market Cap: 1.23B INR
For an in-depth examination of MCL stock, go to TipRanks’ Stock Analysis page.