The intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 is as enclosed.
AEROFLEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aeroflex Industries received a GST order from the Office of Superintendent, Central GST Commissionerate, Raigad. The order demands Rs. 3,59,70,285 as tax 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 the company's IPO and other matters for the tax period April 2021 to March 2024. The order was uploaded on the GST portal on April 7, 2026, and the company came to know about it on April 8, 2026. The company intends to file an appeal before the Appellate Authority and states it is confident of a favorable outcome with no material financial impact expected.
A significant GST demand of Rs. 71.94 crore has been raised against the company. While the company plans to appeal and expects no material impact, such tax disputes can create uncertainty and potential liability if the appeal is unsuccessful.