Reply to Query on Corporate Announcement dated April 15, 2026 under Regulation 30 (LODR)
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company received a GST demand order from the Assistant Commissioner of Central GST & Central Excise, Mumbai, alleging fraudulent availing of Input Tax Credit (ITC) of Rs. 10.69 lakh using fake/bogus e-way bills. Additionally, a penalty of Rs. 62.71 lakh has been demanded under Section 122 of CGST Act, bringing total potential liability to approximately Rs. 73.4 lakh. The order was received on March 13, 2026. The company states it will defend the matter before appropriate authorities and has classified this as a contingent liability. Operations remain unaffected.
The company faces a potential financial liability of Rs. 73.4 lakh from a GST fraud allegation. As a contingent liability with no impact on operations, immediate stock impact may be limited unless the penalty is upheld in appeals.