Delhivery Limited has informed the Exchange about receipt of show cause notice
DELHIVERY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Delhivery has received a show cause notice (Form DRC-01) dated May 5, 2025 from the Directorate General of GST Intelligence (DGGI), Mumbai Zonal Unit. The notice pertains to a dispute over the applicable GST rate on services provided by the company under the CGST Act, 2017 and IGST Act, 2017. The disputed tax amount is Rs. 49,19,76,037 (approximately Rs. 49.2 crore), along with applicable interest and penalty. The notice covers financial years 2018-19 to 2022-23. The company has stated it intends to contest the notice before the appropriate authorities.
The potential financial exposure of around Rs. 49.2 crore plus interest and penalty could weigh on Delhivery's financials if the dispute is decided against the company. However, since this is only a show cause notice (not a final order) and the company plans to contest, near-term impact on the stock is likely limited pending resolution.