Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elpro International Ltd has informed BSE about the closure of GST investigations that were initiated in March 2026 by the Central GST Department (Mumbai and Pune Divisions). The investigations were conducted under Section 67 of the Central GST Act, 2017. The GST authorities issued a closure letter dated May 4, 2026 (received by the company on May 5, 2026) under Section 74A(8) of the Act. As part of the closure, the company was required to reverse Input Tax Credit worth Rs. 14,09,954 (approximately Rs. 14.1 lakh). The company has stated that this development has no material impact on its financials, business operations, or other activities.
The closure of the GST investigation with a modest tax credit reversal of Rs. 14.1 lakh appears to be a neutral-to-positive development for shareholders, as the matter has been resolved without any major penalties or ongoing legal complications. The company has confirmed no material financial impact.