Announcement under Regulation 30 (LODR)- Imposition of fines and penalties.
DIXON · price
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The Office of Assistant Commissioner (GST), Uttarakhand has imposed a penalty of INR 15,60,864 on Dixon Technologies for a discrepancy between the value of goods stated on delivery challans and E-way bills. The penalty was imposed under Section 129(3) of the GST Act. The company received the order on 8th May 2026 and has stated that it will be filing an appeal against the order. The penalty has been disclosed under SEBI Listing Regulations, which require listed entities to disclose material penalties to the stock exchanges.
The financial impact is approximately INR 15.6 lakhs, which is relatively small for a company of Dixon Technologies' size. However, the company plans to appeal the order, suggesting it disputes the penalty. No immediate material impact on operations is anticipated, though the outcome of the appeal could set a precedent.