Madhav Copper Limited has informed the Exchange about Action(s) initiated or orders passed
MCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madhav Copper Limited has received a GST intimation order dated 30th May 2025 from the Assistant Commissioner of State Tax, Gujarat, under Section 73(5)/74(5) of the GST Act, 2017, pertaining to FY 2021-22. The order alleges short payment of tax and excess or wrongly claimed Input Tax Credit (ITC). The total tax demand raised is Rs. 9.28 crore. The company has stated there is no material impact on its financial or operational activities and is reviewing the order to decide on filing an appeal before the Commissioner (Appeals).
A Rs. 9.28 crore tax demand is meaningful but not catastrophic; the company plans to appeal, so any cash outflow is not imminent. Short-term sentiment may be mildly negative due to the tax dispute, but no immediate hit to operations is expected.