Greenpanel Industries Limited has informed the Exchange about General Updates
GREENPANEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.3 pts more than Nifty Microcap 250 and 8.0 pts more than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Greenpanel Industries has voluntarily deposited Rs. 4,79,81,755 (about Rs. 4.80 crore) with the tax authorities to settle a GST (IGST) liability covering FY 2019-20 to FY 2024-25. This follows search proceedings earlier conducted by the Directorate General of GST Intelligence (DGGI), Meerut Zonal Unit, on July 30, 2025. The payment breaks down into Rs. 3.00 crore in tax, Rs. 1.36 crore in interest, and Rs. 43.40 lakh in penalty. The issue relates to disallowance of ineligible input tax credit claimed by the company. The company has stated that the maximum financial impact of this matter will be limited to the amount already deposited.
This is a contained, one-time financial hit of roughly Rs. 4.80 crore — material but not catastrophic — and by paying proactively the company avoids prolonged litigation and uncertainty. Shareholders may view the matter as largely closed, though any future similar findings by DGGI could remain a watchpoint.