* Allcargo Terminals Limited (ATL) has received an order from the Office of the Commissioner of GST & Central Excise/Chennai South Commissionerate. * The order pertains to the denial of exemption benefits under Serial No. 54(e) and 24B of Notification No. 12/2017 - Central Tax (Rate) dated June 28, 2017. * The order confirms a GST (Tax) demand of ₹25.28 crore along with applicable interest and penalty under Section 74(9) of the CGST Act, 2017. * The company intends to file an appeal within the statutory timelines, believing it has strong merits to defend its position. * No provision has been considered in the financial results, and the company anticipates no impact on operations or other activities.
