Please find enclosed herewith intimation for Order for dropping the proceedings
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Harish Textile Engineers Limited has received an order from the State Tax Officer, Commissionerate of Taxes, Government of Gujarat, dropping the proceedings under Section 73/74 of the GST law against the company. The order was dated June 12, 2025, and the matter stands closed and resolved. This relates to an earlier tax liability intimation received on June 13, 2024, under Form GST DRC-01A. The company has stated that there is no impact on its financial position, operations, or other activities as a result of this closure.
This is a positive development for shareholders — a previously flagged GST tax proceeding has been resolved in the company's favor with no financial or operational impact, removing an overhang on the stock.