Eveready Industries India Limited has made an intimation under Regulation 30 of SEBI Listing Regulations
EVEREADY · price
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Eveready Industries has received a demand order dated 30th December 2025 from the Joint Commissioner of State GST, Lucknow, for financial year 2018-19. The order, issued in Form DRC-07, demands an aggregate of Rs.370.70 lakh, comprising Rs.185.35 lakh in tax and an equal amount as penalty. The demand arises from a mismatch in GST input tax credit (ITC) availed by the company in its GSTR-3B returns versus the details auto-populated from suppliers in GSTR-2A. The company has stated it will file a rectification petition followed by an appeal before the appellate authority. Management has clarified there is no material impact on financial, operational, or other activities of the company.
The demand of Rs.370.70 lakh is relatively small for a listed company of Eveready's size, and since the company is contesting it, it is not expected to materially affect financials or stock price. However, shareholders should watch for updates on the appeal outcome, as an adverse ruling could result in a cash outflow.