Company receives SGST show cause notice over short tax payment

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Price reaction

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AI summary

On October 1, 2025, the company received a show cause notice from the SGST authority in Gurugram for FY2021-22. It alleges short tax payment of Rs 0.80 lakh, interest of Rs 25.21 lakh and penalty of Rs 0.08 lakh. The company believes the demand is not maintainable and is preparing a response.

Likely market impact

Potential exposure totals Rs 26.09 lakh including interest and penalty. The company disputes the demand, and no effect on operations is stated.