Received tax demand notice of about Rs 97 lakhs from CGST authority for FY 2016-17

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IL&FSTRANS · price

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.1% vs market

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AI summary

IL&FS Transportation Networks received a CGST demand notice for alleged non-payment of Service Tax for FY 2016-17. The notice dated December 31, 2025, received on January 13, 2026, asks for about Rs 96.96 lakhs including penalty but excluding interest. The company is reviewing the notice and says there is no material impact on its finances or operations.

Likely market impact

Minor tax demand of about Rs 97 lakhs; not material per company. Review ongoing, no immediate effect on operations or financials.