Muthoot Finance has been penalized Rs. 40.19 lakh in tax demands plus interest of Rs. 29.97 lakh and a penalty of Rs. 4.19 lakh by the Assistant Commissioner of State Tax, Delhi, through an order dated February 23, 2025, received on February 24, 2025. The company plans to appeal the decision, as it believes the allegations made are unfounded, and there will be no material impact on operations or finances.