Intimation pursuant to BSE email dated December 9, 2025
ABFRL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Deputy Commissioner of CGST Division-II, Chandigarh has issued an order dated December 4, 2025 against the company, raising a total demand of ₹1,64,13,773 (about ₹1.64 crore). This includes tax of ₹1.49 crore, interest of ₹13,715, and penalty of ₹14.90 lakh. The demand relates to an alleged excess claim of input tax credit in GSTR3B compared to what was available in GSTR2A, attributed to vendors defaulting on return filings. The company has stated there is no material impact on its financials, operations, or other activities, and believes the demand is not legally tenable. It intends to file an appeal before the Appellate Authority.
The financial impact is minor at roughly ₹1.64 crore against a company of ABFRL's size, and the company plans to contest the order. Shareholders are unlikely to see a meaningful effect on stock price, though the matter remains pending appeal.