Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
JUBLINGREA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jubilant Ingrevia received an appeal order from the Additional Commissioner, State Tax, Moradabad confirming a GST demand of Rs. 1.01 crore plus equivalent penalty and applicable interest for the financial year 2017-18. The tax department alleges wrongful availment and utilisation of Transitional Input Tax Credit in violation of Section 16 of the GST Act, 2017. The company has stated it has a strong case to defend and will file an appeal before the GSTAT (Goods and Services Tax Appellate Tribunal). The order was received on April 4, 2026.
The company claims no material financial or operational impact. However, the combined tax and penalty liability of approximately Rs. 2 crore could have a minor negative effect on cash flows if the appeal fails. The stock may see slight negativity due to litigation overhang despite management's confidence.