Disclosure under Reg 30 read with part A of Sch-III of SEBI(LODR) Reg 2015 in connection with receipt of show cause notice from Excise & Taxation officer of State Tax cum Proper Officer. ....
Awaiting price reaction for this filing.
Educomp Solutions has received a Show Cause Notice dated October 1, 2025, from the Excise & Taxation Officer (State Tax), SGST Gurugram East-2, under Section 73(1) of the SGST/CGST Act, 2017 read with Section 20 of the IGST Act, 2017. The notice pertains to Financial Year 2021-22 and alleges short payment of tax of Rs. 0.80 Lacs, interest of Rs. 25.21 Lacs, and penalty of Rs. 0.08 Lacs — totaling roughly Rs. 26.09 Lacs. The company has stated that, based on its own assessment, the demand is not maintainable and it is preparing an appropriate response. Notably, the company is already under CIRP, with a Caretaker Resolution Professional managing its affairs.
The financial impact is relatively small (around Rs. 26 Lacs) compared to the company's overall scale, and the company is contesting the demand. However, as Educomp is already under insolvency resolution, the matter adds to its pile of pending disputes and reflects ongoing governance/distress concerns.