Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, as amended from time to time, we hereby inform you that on December 12, 2025, the Company has received ....
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On December 12, 2025, Cochin Minerals & Rutile Limited received an order from the Joint Commissioner of CGST Kochi Commissionerate under Section 73 of the CGST Act, 2017, for financial years 2021-22 and 2022-23. The order raises a tax demand of Rs. 8,14,26,947 (~Rs. 8.14 crore) along with applicable interest and a penalty of Rs. 81,42,694 (~Rs. 81.4 lakh). The demand pertains to alleged excess or wrongful availment of input tax credit. The company does not accept the demand and plans to file an appeal before the Appellate Authority. The company states it does not anticipate any material impact on its financial or operational activities.
This is a tax-related adverse order, but the company is contesting it and expects no immediate impact. If the appeal fails, the combined demand (~Rs. 8.96 crore including penalty) could affect financials; investors should monitor the appeal outcome closely.