Just Dial Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
JUSTDIAL · price
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Just Dial has received an order dated March 24, 2026, from the Assistant Commissioner of State Tax, Mazgaon, Mumbai, imposing a penalty of Rs. 8.74 crore under Section 74 of the Central GST Act, 2017 and Maharashtra GST Act, 2017. The order alleges excess availment of input tax credit on common services during FY 2019-20 and also includes an additional tax demand with interest totalling Rs. 18.89 crore. The combined financial exposure is approximately Rs. 27.63 crore (penalty plus tax demand with interest). The company has stated it intends to file an appeal against the order. The company has clarified there is no impact on its operations or other business activities.
Shareholders should note a potential financial liability of up to Rs. 27.63 crore pending appeal, but since the company is contesting the order and operations remain unaffected, the immediate impact on stock price is likely limited. The final outcome of the appeal will determine whether this materially affects earnings.