Nilkamal Limited announced an Preliminary audit observation received by the Company vide email dated July 1, 2024 from the Assistant Commissioner Audit (GST), Mumbai. Assistant Commissioner Audit (GST), Mumbai has vide email dated July 1, 2024 made Preliminary audit observations w.r.t. the period from April 1, 2020 to March 31, 2023 for excess ITC availed I non reversal of ITC I non payment of Tax resulting into estimated liability of INR 784,028 along with interest. The Company proposes to accept the same and make payment towards the same in due course of time.