Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) is now available.
Samvardhana Motherson International Limited announced that its wholly-owned subsidiary, SMR Automotive Systems India Limited, received a penalty order from the Commercial Tax Officer in Kancheepuram, Tamil Nadu. The penalty, amounting to INR 37,63,265, was imposed due to discrepancies related to IGST ITC on imports, non-payment of tax due to non-submission of required documents, and issues with invoice linkage. Despite this, the company stated that the penalty would not materially impact its financials or operations and plans to appeal the order.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited operates in the automotive industry, focusing on the production and supply of automotive components and systems. The company is known for its diverse range of products and services catering to the global automotive market.
Average Trading Volume: 1,351,535
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1279.7B INR
Find detailed analytics on MOTHERSON stock on TipRanks’ Stock Analysis page.