Afcons Infrastructure Limited has informed the Exchange about General Updates
AFCONS · price
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Awaiting price reaction for this filing.
Afcons Infrastructure received a demand order from the Commissioner of Central Tax (Tirupati Division) under Section 73(9) of the CGST Act, 2017, dated November 20, 2025. The demand relates to an alleged incorrect claim of IGST credit of about Rs. 1.21 crore on imported goods, with an additional 10% penalty of Rs. 12.07 lakh and applicable interest. The company has stated that it believes the demand is without merit and plans to file an appeal. Management has clarified that the matter is not expected to have any significant impact on its financials, operations, or activities. The company also acknowledged a delay in disclosing this matter to the stock exchanges, attributing it to an inadvertent oversight.
The total monetary exposure is around Rs. 1.33 crore (excluding interest), which is small relative to a company of Afcons' size. Investors are unlikely to see a meaningful impact on the stock, though it serves as a reminder of routine tax-related litigation risk common to infrastructure firms.