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Vardhman Special Steels Limited ( (IN:VSSL) ) has issued an announcement.
Vardhman Special Steels Limited has disclosed that the Central Tax authorities in Pune have imposed a penalty of Rs 11.56 lakh related to a second e-way bill generated by a customer using an invoice number issued by the company. The company plans to appeal the order before the Additional Commissioner (Appeals-I), Central Excise & GST, Pune, and has clarified that the penalty and related proceedings are not expected to have any material impact on its financial performance, operations or other activities, limiting the implications for shareholders and other stakeholders.
More about Vardhman Special Steels Limited
Vardhman Special Steels Limited, part of the Vardhman Group, operates in the steel industry, supplying special and alloy steels alongside a wider portfolio that spans yarns, fabrics, threads, garments and fibres. The company serves industrial customers with value-added steel products while leveraging its integrated textile and steel operations from its base in Ludhiana, Punjab.
Average Trading Volume: 12,101
Technical Sentiment Signal: Buy
Current Market Cap: 28.61B INR
See more data about VSSL stock on TipRanks’ Stock Analysis page.