Laxmi Organic Industries Limited has informed the Hon ble Bombay High Court, vide judgment dated 11th September 2025, has disposed off writ petitions (including that of the Company) challenging Rule 96(10) of the CGST Rules, 2017. The detailed disclosure under Regulation 30 of Listing Regulations is attached.
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Laxmi Organic Industries has informed exchanges about a Bombay High Court judgment dated 11 September 2025 that disposed of writ petitions challenging Rule 96(10) of the CGST Rules, 2017 — a rule that governs GST refund claims on exports. The company's own petition was part of this batch. The detailed outcome of the court's order is in the disclosure attached under Regulation 30, but the headline does not specify whether the ruling favoured or went against the company. Rule 96(10) typically affects exporters by linking export refund eligibility to the timely realisation of foreign currency proceeds, so the court's stance has direct implications for the company's working capital and refund pipeline. Shareholders will need to review the attached detailed disclosure to understand the precise financial impact.
This is a tax/regulatory ruling that could affect GST refund flows and working capital for the company, but the direction of impact (positive or negative) cannot be determined from the headline alone. Investors should watch for the detailed disclosure and any management commentary on the financial implications.