AYM Syntex Limited has informed the Exchange regarding 'With reference to our earlier communication dated May 2, 2025, intimation under Regulation 30(13) of SEBI (LODR) Regulations, 2015'.
AYMSYNTEX · price
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Awaiting price reaction for this filing.
AYM Syntex has disclosed receiving an order from the Superintendent of CGST & Central Excise (Daman Commissionerate) imposing a tax demand of ₹17,51,241 along with applicable interest and penalty. The demand relates to input tax credit (ITC) the company allegedly wrongly availed from suppliers who failed to file their GSTR-3B returns, covering FY 2018-19 and FY 2022-23. The company states there is no material impact on its financials, operations, or other activities. It is in the process of filing an appeal before the Commissioner of Appeals, Surat to contest the order.
The tax demand is relatively small (around ₹17.5 lakh) and the company has explicitly stated no material financial impact. Shareholders are unlikely to see meaningful stock movement from this, though the appeal outcome will be worth tracking.