JSW Infrastructure Limited has informed regarding receipt of Order by Ennore Coal Terminal Private Limited (Subsidiary Company of JSW Infrastructure Limited) from GST Authorities
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JSW Infrastructure's subsidiary, Ennore Coal Terminal Private Limited, has received an Order dated 22nd December 2025 from the Additional Commissioner of Central Tax, Chennai-Outer, alleging short payment of GST for the period April 2019 to March 2024. The total demand is Rs. 96.58 crore along with applicable interest and penalty, passed under Section 74 of the CGST Act, 2017. The company plans to file an appeal within 3 months after paying 10% of the demanded tax (~Rs. 9.66 crore) as a mandatory pre-deposit. JSW Infrastructure has stated that it believes it has strong legal and factual grounds to contest the order and that there is no material impact on financial, operational, or other activities of the company except for the pre-deposit amount.
In the near term, shareholders may see a minor cash outflow of around Rs. 9.66 crore as pre-deposit for the appeal. The larger Rs. 96.58 crore demand is contingent on the appeal outcome and, as per the company, is not expected to materially affect financials. Sentiment may be slightly negative due to the tax dispute, but the company's stated confidence in contesting the order limits near-term risk.