Kokuyo Camlin Limited has informed the Exchange about Action(s) initiated or orders passed under regulation 30 of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
Kokuyo Camlin has received a rejection order from the Commissioner of GST & Central Excise (Appeals-II), Mumbai, dated August 22, 2025. The order pertains to a GST demand where input tax credit of about ₹4.35 crore was disallowed, along with interest and a penalty of about ₹3.78 crore under Section 122(2)(b) of the CGST Act. This relates to an original order passed by the Joint Commissioner, CGST & Central Excise, Mumbai East in September 2024. The company has stated there is no material financial or operational impact and plans to file a further appeal before the Tribunal.
Although the headline flags a SEBI Regulation 30 disclosure, the underlying matter is a GST tax dispute, not a SEBI action. The combined demand of roughly ₹8 crore plus interest is being treated as non-material by the company, but an adverse Tribunal ruling could become a concern. Near-term stock impact is likely limited given the company's stance.