Eternal Limited has informed the exchange regarding order received from Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh.
ETERNAL · price
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Eternal Limited has received a GST adjudication order dated 19 August 2025 from the Deputy Commissioner, State Tax, Lucknow, covering the period April 2020 to March 2021. The order confirms a GST demand of ₹14.76 lakh along with an equal penalty of ₹14.76 lakh (plus applicable interest), relating to alleged short payment of tax collected at source and output tax. The company has stated it believes it has a strong case on merits and will be filing an appeal before the appropriate authority. The company also clarified that it does not expect any material financial impact from this order.
The total demand of around ₹29.5 lakh (tax + penalty) is negligible compared to Eternal's overall business size, so this is unlikely to have any meaningful impact on the stock price or shareholders. It is a routine tax compliance matter that the company intends to contest.