Please find enclosed herewith intimation for closure of old GST Case under Regulation 30 of SEBI LODR.
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Harish Textile Engineers Ltd has informed BSE that an old GST case against the company has been closed. The matter originated from a show cause notice dated August 3, 2024, alleging wrongful availment and utilization of input tax credit (ITC). On November 12, 2025, the Office of the Superintendent, CGST & Central Excise (Surat Commissionerate) passed an order confirming the demand under Section 74 of the CGST Act. The company has already paid the demanded tax along with interest and penalty, and by complying with Section 74(8), the demand has been formally concluded. The company has stated there is no further financial or operational impact as the matter is fully closed.
This is a neutral to mildly positive development for shareholders, as it removes a long-pending regulatory overhang. Since the company had already provisioned and paid the amount, the closure simply formalizes the end of the issue without any additional unexpected cost.