Le Travenues Technology Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Order under Section 74 of CGST/SGST Act, 2017 read with Section 20 of IGST Act, 2017
IXIGO · price
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Ixigo (Le Travenues Technology) has received a tax order from the Deputy Commissioner of State Tax (SGST), Gurugram East, Haryana, alleging excess availment of Input Tax Credit for FY 2019-20. The total demand raised is approximately ₹99.82 lakh, broken down as tax of ₹31.04 lakh, interest of ₹37.72 lakh, and penalty of ₹31.04 lakh. The company says it believes it has a strong case on merit and will file an appeal within the prescribed time to contest the order. It also states there will be no financial implications on the company beyond the legal costs of contesting the matter. This follows an earlier show cause notice received by the company in September 2025.
The financial impact is modest relative to Ixigo's size (under ₹1 crore in demand) and the company expects no material hit beyond legal costs. Short-term stock impact is likely limited, but investors should watch the appeal outcome as an adverse ruling could lead to a slightly larger outflow due to accumulating interest.