GTPL Hathway Limited has informed the Exchange about Update on intimation dated September 06, 2023
GTPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GTPL Hathway informed the exchange that a ₹45,90,396 penalty originally levied on September 5, 2023 by the Assistant Commissioner (State Tax), Rudrapur, Uttarakhand has been set aside by the Joint Commissioner (Appeals), State Tax, Rudrapur, via an order dated January 7, 2026. The company had appealed the original order and has now won, with the appellate authority directing a refund of the amount already paid. The order copy was received by the company on January 9, 2026, and the disclosure is being made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.
Positive for shareholders — the tax penalty has been fully quashed on appeal and the company will recover the ~₹45.9 lakh it had paid, removing an earlier overhang on the stock and reflecting positively on management's handling of tax disputes.