The intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 is as enclosed.
AEROENTER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aeroflex Enterprises Limited disclosed that its subsidiary Aeroflex Industries Limited (AIL) received a GST order from the Office of the Superintendent, Central GST Commissionerate, Raigad. The order raises a demand of Rs. 3,59,70,285 plus an equal penalty of Rs. 3,59,70,285, totaling Rs. 7,19,40,570. The issue relates to input tax credit claimed on expenses incurred in connection with AIL's Initial Public Offering (IPO) and other related matters for the tax period from April 2021 to March 2024. The order was uploaded on the GST portal on April 7, 2026. AIL intends to file an appeal before the Appellate Authority and states it is confident of a favorable outcome with no material financial impact expected.
The GST demand of Rs. 7.19 crore represents a significant contingent liability for the subsidiary, though the company plans to contest it. This is a tax compliance matter rather than a securities regulatory issue, and shareholders should monitor appeal outcomes.