IL&FS Transportation Networks Limited has informed the Exchange about Action(s) initiated or orders passed
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IL&FS Transportation Networks Limited has received a demand notice dated December 30, 2025 from the Deputy Commissioner of State Tax, Ghaziabad, under Section 73 of the CGST Act, 2017. The notice relates to alleged non-payment of GST liability for the financial year 2021-22 and demands Rs. 1,77,07,511 (approximately Rs. 1.77 crore), including interest and penalty. The company has stated that it is reviewing the notice and will take necessary steps in response. Importantly, the company has clarified that there is no material impact on its financials, operations, or other activities from this demand. The notice has been disclosed to the stock exchanges as per SEBI listing regulations.
The demand is relatively small (about Rs. 1.77 crore) and the company states it has no material financial impact. Shareholders should monitor whether the company contests this in appeal, but near-term stock impact is likely minimal.