GTPL Hathway Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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GTPL Hathway has received an order dated March 23, 2026 from the Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate. The order alleges wrong availment of input tax credit and short payment of GST. A differential tax demand of Rs. 11.13 crore has been raised along with applicable interest, and a penalty has been imposed under Section 74 of the CGST Act, 2017 and the Tamil Nadu GST Act, 2017. The company has stated it intends to file an appeal against the order. Management has clarified that there is no impact on the company's operations or other business activities due to this order.
Shareholders should note a potential financial liability of Rs. 11.13 crore plus interest and penalty, though the company plans to appeal. The short-term impact on the stock may be negative due to the tax demand overhang, but management's confirmation of no operational disruption limits the broader concern.