Please find attached herewith disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Harish Textile Engineers Ltd has received a Show Cause Notice in Form GST DRC-01 dated 25 September 2025 from the State Tax Officer, Ghatak 74 (Vapi), Gujarat, under Section 73 of the CGST/GGST Act, 2017, for FY 2021-2022. The total demand raised is Rs. 21,54,132, covering alleged short payment of GST, excess input tax credit (ITC) claim, ineligible ITC under Section 17(5), and non-filing of GSTR-9, along with applicable interest, penalty, and late filing fees. The company has stated there is no material impact on its financial or operational activities at this stage. It is reviewing the notice with its legal and tax advisors and plans to appear for the scheduled hearing.
The demand of ~Rs. 21.5 lakh is relatively small for the company and management has confirmed no material financial or operational impact. Shareholders should note this is a preliminary notice, not a final order, and the company intends to contest it. Investors may want to track the outcome of the hearing for any escalation.