Pursuant to Regulation 30 of SEBI (LODR), 2015, Intimation regarding Order received against SCN issued by Excise & Taxation Officer, Sonipat
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Hindustan Tin Works received a Show Cause Notice (SCN) on 29 September 2025 from the Excise & Taxation Officer, Sonipat under Section 74 of the HGST Act, 2017 for the period April 2019 to March 2020, alleging tax dues of Rs. 30.22 lakh along with interest and penalty totaling Rs. 95.23 lakh. On 29 October 2025, the Excise & Taxation Officer passed an order dropping the proceedings entirely. The company has confirmed that this dropping order has no impact on its operations or financial position. The matter is now closed in the company's favor.
This is a positive development for Hindustan Tin Works as the Rs. 95.23 lakh potential liability has been nullified with no financial or operational impact on the company. Shareholders can view this as removal of an overhang, though the amount itself was relatively small for the company.