Gujarat State Petronet Limited has informed the Exchange regarding receipt of Rectification order u/s 154 of Income Tax Act, 1961

Gujarat State Petronet has disclosed receipt of a rectification order under Section 154 of the Income Tax Act, 1961, dated 9th April 2026, from the Assistant Commissioner of Income Tax, Gandhinagar Circle. This order rectifies an earlier assessment order under Section 143(3) for Assessment Year 2024-25 (FY 2023-24). The rectification reduces the assessed income from Rs. 1,683 crores to Rs. 1,435 crores — a difference of Rs. 248 crores. The company has explicitly stated that the financial impact is NIL and that there are no violations or contraventions involved. This is a routine tax correction matter, not a penalty or penalty-related disclosure.