Eureka Forbes Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company - Update
EUREKAFORB · price
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Awaiting price reaction for this filing.
Eureka Forbes had received a GST order from the Joint Commissioner, CGST & Central Excise, Bhopal demanding Rs. 16.22 crore in tax along with penalty for alleged excess Input Tax Credit claims and short payment of outward tax for FY 2018-19 to 2022-23. The company challenged this order by filing a writ petition before the Madhya Pradesh High Court at Jabalpur. On January 7, 2026, the High Court ruled that no coercive action would be taken against the company provided it deposits 10% of the tax demand (about Rs. 1.62 crore), which the company is in the process of paying. The company has stated it does not expect any material impact on its financials or operations at this stage.
Short-term relief for shareholders as the company secured interim protection from enforcement action. However, the underlying Rs. 16.22 crore demand and penalty remain to be decided on merits, and the 10% deposit will result in a near-term cash outflow.