Devyani International Limited has informed the Exchange about Action(s) taken or orders passed
DEVYANI · price
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Awaiting price reaction for this filing.
Devyani International has received a Demand Order from the Assistant Commissioner of Central Tax, Karnataka under Section 74 of the CGST Act, 2017, covering FY 2018-19 to FY 2022-23. The order relates to alleged short reversal of Input Tax Credit on exempt supplies and alleged incorrect availment of ITC on inward supply. The total demand is Rs. 5.42 million, split into a tax component of Rs. 1.51 million and a penalty of Rs. 3.91 million. The order was received on December 31, 2025. The company has stated there is no material impact on its financial, operational, or other activities and is evaluating the order with plans to file an appeal before the Appellate Authority.
The demand amount is small relative to the size of the business, and the company is contesting it, so immediate financial impact looks limited. Investors should monitor the appeal outcome, as an adverse ruling could set a precedent for similar tax assessments across past years.