Fujiyama Power Systems Limited has informed the Exchange about an order received pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Fujiyama Power Systems Limited has received a Demand Order dated December 31, 2025, from the GST Officer in Delhi under Section 73 of the CGST Act, 2017, related to a Special Audit of FY 2021-22. The order asks the company to pay a tax demand of ₹3.62 crores, interest of ₹1.95 crores, and a penalty of ₹4.79 crores — totalling roughly ₹10.36 crores — by March 31, 2026. The company says, based on its preliminary review, the demand is not maintainable on merits and it plans to file an appeal before the appropriate appellate authority within the stipulated time. Management also stated they do not foresee any material impact on the company's financial position, operations, or business activities.
For shareholders, this is a tax dispute that the company is contesting. The combined demand of about ₹10.36 crores is meaningful but not catastrophic, and the company's confident stance that it has no merit may limit actual outflow. The stock could see short-term volatility on the news, but the long-term impact depends on the outcome of the appeal.