ARIES AGRO LIMITED : UPDATE ON LITIGATION

• The GST Appellate Authority, Mazgaon, Mumbai confirmed a demand of ₹3,96,45,090/-, including interest and penalty, for availment of Input Tax Credit (ITC) on inward supplies from vendors whose GST registrations were cancelled retrospectively for FY 2018-19. • The company will appeal before the Goods and Services Tax Appellate Tribunal (GSTAT) against the said order. Impact: Neutral (Ongoing litigation with a potential financial impact, subject to further appeals.)

Aries Agro Limited

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