Atul Limited has informed the Exchange about Delay/default in the payment of fines/penalties/dues etc. to authority
ATUL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Atul Limited has received an order from the Joint Commissioner of GST & Central Excise, Surat, raising a GST demand of ₹8.33 crore along with a penalty of ₹8.44 crore (total ~₹16.77 crore). The order, passed under Section 74 of the GST Act, alleges incorrect availment of input tax credit on goods and services used for construction and building-related work for FY 2018-19 to 2022-23. The company received the order on December 31, 2025, and states that there is no material impact on its financials, operations, or other activities. Atul has indicated it will appeal the order and pursue available legal remedies.
The ₹16.77 crore combined demand is not considered material by the company, so near-term impact on stock price is likely limited. However, the outcome of the appeal process will be worth tracking, as an unfavourable ruling could affect future financials.