AWL Agri Business Limited has informed the Exchange about disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
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Awaiting price reaction for this filing.
AWL Agri Business Limited (formerly Adani Wilmar) has informed the exchanges that it received an appellate order from the Additional Commissioner of CT & GST (Appeal), Central Zone-I, Cuttack, under Section 107 of the CGST Act, 2017 and OGST Act, 2017. The order confirms a penalty of ₹28,72,625 related to a refund claim made under Section 54(3) of the GST Act under the Inverted Duty Structure category. The order was dated and received by the company on 26th February 2026. The company has stated it will appeal the order before the appropriate authority and does not foresee any material impact on its financial, operational, or other activities.
The penalty is small (around ₹28.7 lakh) relative to the size of the company, and management has indicated no material impact. However, ongoing tax disputes and appeals can create uncertainty and may draw regulatory scrutiny, so investors should monitor the outcome of the planned appeal.