GST demand order of Rs 12.34 lakh received for FY 2018-19; company to appeal
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.2 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gujarat Ambuja Exports received a GST demand order of Rs 12,34,039 from the Assistant Commissioner of State Tax, Ahmedabad on 16 Dec 2025, related to FY 2018-19. The demand covers tax of Rs 3,87,029, equal penalty, and interest of Rs 4,59,981, alleging ineligible ITC claimed from cancelled or non-genuine taxpayers. The company says there is no material impact on financials or operations, considers the order arbitrary, and plans to appeal within three months.
Small amount relative to company size; shares unlikely to move materially. Appeal planned.