Intimation regarding drop of proceedings against the Company

Indag Rubber Limited has informed the BSE that GST proceedings against the company have been dropped by the Joint Commissioner of State Tax, Bhiwadi, Rajasthan. Earlier, on September 25, 2025, the company had received a show cause notice under Section 73 of the GST Act, 2017, for FY 2021-22, alleging excess claim of Input Tax Credit (ITC) with a total demand of Rs. 1,07,59,703 in tax, interest, and penalty. After the company submitted its reply to the notice, the tax authority has dropped the proceedings entirely. As a result, no GST, interest, or penalty is required to be paid by the company.