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Samvardhana Motherson International Limited ( (IN:MOTHERSON) ) just unveiled an announcement.
Samvardhana Motherson International Limited’s wholly owned subsidiary, Motherson Auto Solutions Limited, received a penalty order from the Assistant Commissioner in Chengalpattu, Tamil Nadu, under section 73(9) of the TNGST Act, 2017. The penalty, amounting to INR 12,50,000, relates to the eligibility of input tax credit availed during the fiscal year 2020-21. The company has stated that this penalty will not materially impact its financials or operations, and it plans to appeal the decision.
More about Samvardhana Motherson International Limited
Samvardhana Motherson International Limited operates in the automotive industry, providing a range of products and services primarily focused on automotive solutions. The company is known for its comprehensive offerings in the automotive sector, catering to various market needs.
YTD Price Performance: -23.93%
Average Trading Volume: 866,370
Current Market Cap: 831B INR
For an in-depth examination of MOTHERSON stock, go to TipRanks’ Stock Analysis page.