Clarification regarding query on Corporate Announcement filed under Regulation 30
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lakshmi Electrical Control Systems received two GST Show Cause Notices from the Office of the Assistant Commissioner of GST, both dated 7th May 2026. Notice 1 relates to FY 2022-2023 with a demand of Rs. 1.57 crore (tax, cess, interest, penalty). Notice 2 relates to FY 2023-2024 with a demand of Rs. 3.93 crore (tax and penalty), bringing the total potential demand to about Rs. 5.50 crore. The notices reached the company's spam folder, causing a delay in disclosure, and the company is now replying to substantiate its case. The company states there is no material impact on its financials. It was responding to BSE's query about why the disclosure was not filed within 24 hours.
Two GST show cause notices totalling roughly Rs. 5.50 crore in potential demand have been disclosed, though the company says they are not material to its financials and it is filing its reply. Shareholders should watch for the outcome of the company's response and any further orders from GST authorities, which could materially affect financials if the demand is upheld.