Hindware Home Innovation Limited has informed the Exchange about Action(s) taken or orders passed
HINDWAREAP · price
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On the reaction day the stock moved 5.8 pts more than Nifty Microcap 250 and 6.9 pts more than its Consumer Durables peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hindware Home Innovation has received a demand order dated 13th March 2026 from the Superintendent of CGST & SGST in Patna, Bihar, under Section 74 of the CGST Act. The order relates to excess availment and utilization of Input Tax Credit (ITC) for the period FY 2019-20 to FY 2022-23. The total demand is Rs. 5,86,670 in tax, Rs. 3,570 in interest, and Rs. 5,98,815 in penalty, aggregating to roughly Rs. 11.89 lakh. The company has stated it will contest the demand and file an appeal against the order.
The financial impact is relatively small — under Rs. 12 lakh in total — and is unlikely to materially affect the company's operations or stock price. However, the order highlights a potential compliance issue with GST input tax credit claims over four financial years, which investors should monitor as the appeal progresses.