Aether Industries Resolves Tax Dispute, Pays ₹1.4 Million Plus Penalty

Aether Industries Ltd has successfully settled a pending tax liability, paying ₹1.4 million along with an applicable penalty to the tax authorities. This resolution brings closure to a recent compliance issue and demonstrates the company’s proactive approach to regulatory matters.

 

The settlement follows a period of operational challenges for Aether Industries, including a fire incident at one of its manufacturing sites that impacted revenues and production schedules. Despite these setbacks, the company has maintained its commitment to transparency and regulatory compliance. Management emphasized that the tax settlement will not have a material impact on the company’s financial stability or ongoing operations.

 

Aether Industries continues to focus on recovery and growth, with key expansion plans underway and a renewed emphasis on safety and operational excellence. The swift resolution of the tax matter is expected to bolster investor confidence and reinforce the company’s reputation for responsible governance as it navigates the path to full operational recovery.

 

Source: BSE India, Company Disclosures