Filatex India wins GST case; High Court quashes show cause notices

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Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+2.1% vs market

Other Textile Products peers, median of 170sector-0.6%+1.6% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Gujarat High Court has quashed two GST show cause notices against Filatex India. The notices sought to recover about Rs 74.59 crore (Jan 2018-Oct 2019) and Rs 92.20 crore (Nov 2019-Feb 2022) in alleged erroneous GST refunds on inverted duty structure. The court ruled in the company's favour on 28 November 2025. Certified copies were received on 4 December 2025.

Likely market impact

Positive for shareholders; removes risk of about Rs 167 crore in GST refund recovery. Strengthens the company's legal position.