Aditya Birla Lifestyle Brands Limited has informed regarding disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )
ABLBL · price
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Aditya Birla Lifestyle Brands Limited has disclosed two GST demand orders dated March 16, 2026, received on March 17, 2026, from the Assistant Commissioner of the Bangalore-East Commissionerate. While the orders are issued in the name of Aditya Birla Fashion and Retail Limited (ABFRL), they relate to business that was demerged into ABLBL effective May 1, 2025. The total demand (tax plus penalty) across the two orders is approximately ₹6.91 crore, with interest yet to be quantified. The disputes involve reversal of Input Tax Credit (ITC) on inventory shrinkage/written-off assets for FY 2019-20 to 2022-23. The company states there is no financial or operational impact and plans to appeal before the Appellate Authority.
The demand of around ₹6.91 crore is relatively small compared to the company's size and the company believes it is not tenable under the law, with an appeal planned. Investors should monitor the appeal outcome, but the immediate financial impact is considered negligible by management.