Aksh Optifibre Limited has informed the Exchange about General Updates
AKSHOPTFBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aksh Optifibre has received a Rectification Order dated March 25, 2026 from the Deputy Commissioner, Rajasthan State Tax, Jaipur, substantially reducing an earlier GST demand. The original demand of ₹5.73 crore (along with interest and penalty) has been brought down to ₹94.22 lakh (along with interest and penalty). The demand pertains to alleged issues under Sections 73, 50 and 73(9) of the Rajasthan and Central GST Acts, 2017. The company plans to file an appeal against the remaining balance. Management has stated that there is no material impact on the company's financials, operations, or other activities at this stage.
This is a positive outcome for shareholders, as the tax demand has been cut by roughly 84% after rectification. With the remaining ~₹94 lakh being appealed and no material financial impact flagged, the stock is unlikely to see meaningful negative movement from this disclosure.