Allcargo Terminals Limited has informed the Exchange about Action(s) initiated or orders passed
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Awaiting price reaction for this filing.
Allcargo Terminals has received an order from the GST & Central Excise Commissionerate (Chennai South) dated August 11, 2025, denying an exemption claim and confirming a tax demand of Rs. 25.29 crore along with applicable interest and penalty under Section 74 of the CGST Act. The order relates to a dispute over exemption under Serial No. 54(e) and 24B of a 2017 GST rate notification. The company disagrees with the order and plans to file an appeal within the statutory deadline. Management has not created any provision in the financial results, saying it has strong grounds to defend its case. The company has stated there is no impact on its operations or other activities.
Investors should watch the appeal outcome, as a loss could mean a hit of around Rs. 25 crore plus interest and penalty. For now, the company's view is that no provision is needed, suggesting near-term impact on earnings is limited, but the matter remains an overhang on the stock.