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Vedant Fashions Limited ( (IN:MANYAVAR) ) has issued an update.
Vedant Fashions Limited has received an Order-in-Original from the Office of the Deputy Commissioner of CGST, Mumbai West, concerning the recovery of ineligible Input Tax Credit and associated penalties for the fiscal years 2017-18 to 2019-20. The order includes a penalty and interest on the ITC amount, but the company states that there is no significant impact on its financial or operational activities beyond the specified amounts. Vedant Fashions plans to review and evaluate the order to determine the appropriate course of action.
More about Vedant Fashions Limited
Vedant Fashions Limited operates in the fashion industry, primarily focusing on ethnic wear. The company is known for its brand ‘Manyavar’, which offers a range of traditional Indian clothing and accessories, catering to the wedding and festive wear market.
Average Trading Volume: 44,552
Technical Sentiment Signal: Sell
Current Market Cap: 147.7B INR
See more data about MANYAVAR stock on TipRanks’ Stock Analysis page.