Century Enka Limited has informed the Exchange regarding 'Disclosure w.r.t. notices issued by office of Deputy Commissioner of State Tax (Enforcement) Division-8, C/4, Multy Store Building, Nanpura, Surat - 395 001'.
CENTENKA · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Century Enka Limited has received 3 notices from the Gujarat State Tax (Enforcement) Division in Surat under Section 129(3) of the Gujarat GST Act, 2017. The notices levy penalties totaling ₹16,97,810 (₹5,78,414 + ₹5,97,940 + ₹5,21,456), with each amount including applicable tax plus a 100% penalty. The penalties arise from a mismatch or incorrect customer address issue. The company received these notices on 28th April 2026 and states it will contest the demand. The company does not expect the penalty to have any material financial impact on its operations.
The penalty amount of ₹16.98 lakh is relatively small for a listed company and management considers it immaterial. However, investors should monitor whether the company successfully contests these notices or if additional penalties arise.