Ambika Cotton Mills Limited has informed the Exchange about The Appellate Order dt. 30.08.2025 passed by Commissioner of GST and Central Excise (Appeals), Coimbatore, today, setting aside the order of the Adjudicating Authority cancelling the entire demand raised Rs. 4.10 Crores. The Adjudicating Authority raised demand vide Order dt. 27.04.2023, on the basis of SCN dt. 11.07.2008 and 21.07.2008.
AMBIKCO · price
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Ambika Cotton Mills has received a favorable order from the Commissioner of GST and Central Excise (Appeals), Coimbatore, dated 30.08.2025. The appellate authority has set aside the order of the Adjudicating Authority that had raised a demand of Rs. 4.10 Crores against the company. The original demand was made via an order dated 27.04.2023, which was based on Show Cause Notices issued back in July 2008. With this appellate ruling, the company gets relief from a long-pending tax demand spanning over 17 years. The matter effectively ends in the company's favor at the appellate stage, unless the department chooses to pursue it further.
Positive for shareholders — a potential Rs. 4.10 Crore tax liability has been quashed, removing a long-pending overhang on the company. This may provide modest relief to earnings and reduce contingent liability concerns, though the stock reaction is likely to be limited given the relatively small amount.