Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company received an Order from the Additional Commissioner, Central GST, Dehradun, demanding GST liability of approximately Rs. 95 lakhs and penalty of Rs. 73.65 lakhs (total Rs. 168.65 lakhs). The demand relates to disallowance of Input Tax Credit availed on goods and services pertaining to the company's residential colony, exempt supply, and rent of immovable property for the period April 2019 to March 2024. The Order was received on 31st March 2026 via email. The company intends to contest this demand by filing an appeal with the Commissioner (Appeals) and has stated that it does not expect any material impact on its financial, operational, or other activities.
The total demand of Rs. 168.65 lakhs is relatively small for a company of this size, and the company's stated intent to appeal suggests it expects to resolve the matter without material financial impact. However, shareholders should monitor the outcome of the appeal process.