Mphasis Receives ₹1.94M GST Penalty Order

Mphasis received a GST penalty order of ₹1.94 lakh from the Karnataka Commercial Taxes department.
The penalty is for late ITC reversal, non-submission of SEZ endorsement, and place of supply determination.
The company states the order will have no quantifiable financial or operational impact.
This intimation is a mandatory regulatory disclosure under SEBI LODR Regulations.