BirlaNu Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
BIRLANU · price
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BirlaNu Limited (formerly HIL Limited) has received a favourable order from the Telangana High Court in a GST matter related to its Input Service Distributor (ISD) registration. A Show Cause Notice had earlier proposed a disallowance of distribution methodology along with a penalty of ₹8.38 crore. The original authority passed an order on December 30, 2025 in the company's favour, fully rescinding the demand of ₹8.38 crore and the equivalent penalty amount. The High Court then disposed of the Writ Petition on January 7, 2026, upholding this outcome. As a result, no tax, penalty, interest, or any other amount is payable by the company in this matter.
This is a positive development for shareholders as the company has been fully relieved of a potential ₹8.38 crore liability (plus equal penalty). It removes a material financial overhang and is expected to have a positive impact on the company's financial position.