Dalmia Bharat Sugar and Industries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DALMIASUG · price
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Awaiting price reaction for this filing.
Dalmia Bharat Sugar has received a GST order from the Joint Commissioner of Central GST, Kolhapur alleging short reversal of Input Tax Credit under IGST, CGST and SGST for the period FY 2017-18 to FY 2021-22. The order requires the company to reverse Rs. 9.20 crore in GST, along with interest and an equal amount as penalty. The company has filed an appeal against this order before the Commissioner's Office, GST, Pune. This is an update to a prior intimation made on February 17, 2025. The company is contesting the allegations.
The financial impact of about Rs. 9.20 crore (plus interest and penalty) is material but not severe for a company of this size. As the company is actively appealing, the final outcome remains uncertain. Short-term sentiment may be mildly negative, but the stock impact will depend on the appeal outcome.