Grindwell Norton Limited has informed the Exchange about General Updates
GRINDWELL · price
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Grindwell Norton received an order from the Office of the Deputy Commissioner of State Tax dated December 30, 2025, in response to a Show Cause Notice under GST Section 73. The original demand of ₹23.57 crores has been reduced to ₹4.17 crores (including interest and penalty), following the company's reply to the notice. The company believes the remaining demand is not maintainable and is preparing a further appeal. Management has stated there is no material impact on the company's financial position, operations, or other activities from this order.
Positive outcome for shareholders as the GST demand was cut by over 80% from the original amount. The company maintains there is no material financial impact, and any remaining liability is being contested through appeal.