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Awaiting price reaction for this filing.
Continental Chemicals Ltd has received a notice dated 29 September 2025 from the Deputy Commissioner of State Tax, Sector-1, Noida, under Section 74 of the CGST/UPGST Act, 2017 read with Section 20 of the IGST Act, 2017. The tax demand under IGST is Rs. 5,62,126 with equivalent interest of Rs. 5,62,126 under Section 50, plus applicable penalty. The company has stated it is seeking legal advice and will take appropriate action in consultation with its legal counsel. The disclosure is being made under SEBI LODR Regulations to keep the stock exchange and stakeholders informed. The matter is at a preliminary stage and no monetary outcome has been determined yet.
The tax demand of around Rs. 5.62 lakh along with interest is modest relative to typical corporate exposures and is unlikely to materially impact the company's financials, though a penalty component is still to be quantified. Investors should watch for updates on the company's legal response and any escalation of the tax demand.