Announced Wed, 1 Apr · 18:06 IST
Material Subsidiary Faces ₹13.18 Lakh GST Demand; No Material Impact
Compliance View source PDF
THELEELA · price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹416.30
prior close
₹411.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.5+0.2+0.7-0.6-0.6+2.1+1.6+2.8+2.5+3.1+3.3-1.7+14.5
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AI summary
Material subsidiary Tulsi Palace Resort Pvt Ltd (TPRPL) received a GST order on March 31, 2026, from Central GST Range-XXII, Jaipur, confirming a demand of ₹13.18 lakh plus interest and penalty. The order alleges SEZ officer endorsement was required to evidence receipt of services. Company says no material impact on financials or operations. TPRPL is evaluating legal options and plans to file an appeal.
Likely market impact
Minor ₹13.18L tax demand on subsidiary; company says no material impact and will appeal. Likely negligible effect on stock.