Jagran Prakashan Limited has informed the Exchange regarding Disclosure under Regulation 30 of SEBI (LODR), 2015.
JAGRAN · price
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Awaiting price reaction for this filing.
Jagran Prakashan Limited has received a demand order dated December 29, 2025, from the Deputy Commissioner of Central GST & Central Excise in Ranchi, raising a tax demand of Rs 32,83,687 (about Rs 32.84 lakhs) for the financial years 2018-19 to 2022-23. The order, issued under Section 74 of the CGST Act, 2017, questions the company's availing of Input Tax Credit and its reconciliation. Along with the demand, an equivalent amount of penalty under Section 74 and interest under Section 50 has also been sought. The company has stated that based on legal advice, it considers the order untenable and plans to file an appeal within the prescribed timeline. The company has clarified that there is no material impact on its financials, operations, or other activities from this order.
The demand amount is small relative to the size of the company and the management has stated no material financial or operational impact. Investors should monitor the appeal outcome, but the immediate impact on the stock is likely limited.