Sharda Motor Industries Ltd. ( (IN:SHARDAMOTR) ) has provided an update.
Sharda Motor Industries Limited announced that the Goods and Service Tax (GST) department conducted a search and inspection at its factories in Nashik and Chakan, Maharashtra, from March 25 to March 30, 2025. The company cooperated fully with the authorities, and its operations were not affected. During the investigation, the company deposited Rs.6.05 Cr, which includes GST and interest, on certain items identified by the authorities, with some of this amount available as input tax credit. The company stated that this incident will not have a material impact on its financial or operational activities.
More about Sharda Motor Industries Ltd.
Sharda Motor Industries Limited operates in the automotive industry, focusing on the manufacturing of automotive components. The company is known for producing a range of products that cater to the needs of the automotive sector, with a market focus on providing high-quality components to various automotive manufacturers.
YTD Price Performance: -14.93%
Average Trading Volume: 2,853
Current Market Cap: 45.29B INR
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