In terms of Regulation 30 and Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ), read with the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ( SEBI Master Circular ), this is to inform you that the Company has received show cause notice (DRC 01) from the Deputy Commissioner of State Goods and Service Tax, Jabalpur, Madhya Pradesh, under section 73(9) of the Central GST Act, 2017 & MPGST Act, 2017 and IGST Act, 2017 on January 27, 2026 at 4:31 p.m. (IST).There is no material impact on financial, operation or other activities of the Company. Further, the Company firmly believes that it maintains strong legal and factual grounds and will be taking all necessary actions to present and defend its case before the relevant authorities and address the demand.The details as required under Listing Regulations read with SEBI Master Circular is enclosed herewith as an Annexure-A .
EVERESTIND · price
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Awaiting price reaction for this filing.
Everest Industries has received a show cause notice (DRC 01) from the Deputy Commissioner of State Goods and Services Tax, Jabalpur, under Section 73(9) of the Central GST Act, 2017 and related state/IGST Acts. The notice was issued on January 27, 2026. The company has stated there is no material impact on its financial, operational, or other activities. Everest Industries maintains that it has strong legal and factual grounds and intends to defend its case before the relevant authorities.
This is a tax-related notice, not a SEBI or court ruling, and the company has stated no material financial or operational impact. Shareholders should monitor the outcome, but near-term impact on the stock is likely limited unless the demanded amount is significant.