Greenply Industries Limited has informed the Exchange about an Order dated 8th January, 2026 passed by Office of the State Tax Officer, Ghatak-10, (Ahmedabad), Range-3, Division-1, M.S Building (Apna Bazar), Laldarwaja, Ahmedabad, Gujarat-380001.
GREENPLY · price
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Greenply Industries has received an order dated 8 January 2026 from the State Tax Officer (Ghatak-10, Ahmedabad) under the Central GST Act, 2017 for FY 2019-20. The order alleges wrongful availing of ineligible Input Tax Credit (ITC) and demands additional tax of Rs 9.89 lakh, interest of Rs 10.66 lakh, and a penalty of Rs 9.89 lakh — totalling roughly Rs 29.45 lakh. The company states it has complied with all conditions for ITC claim and believes it has a strong case on merits. It will file a rectification or appeal within the prescribed timeline.
The absolute demand size is small and the company says there is no material impact on financials or operations. The matter is routine tax litigation that the company plans to contest, so shareholders are unlikely to see a meaningful effect on the stock.