Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
GRINDWELL · price
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Grindwell Norton has received an order from the Assistant Commissioner of Commercial Taxes, Bengaluru, dated February 27, 2026, which fully drops the earlier GST demand against the company. The original show cause notice under the KGST Act, 2017 had raised a demand of Rs 22,59,706, and following the company's reply, the authorities reduced this demand entirely to Nil. This follows the company's earlier intimation on January 28, 2026 regarding the show cause notice. The company has stated there is no material impact on its financial position or operations, as the demand has been set aside in its favor.
Positive for shareholders — the tax demand has been fully withdrawn in the company's favor with no financial liability, effectively closing this tax matter with no cost to the company.