Mahindra Logistics Limited has informed the Exchange about intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed disclosure of GST penalty is attached.
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Mahindra Logistics has received a GST penalty order from the Deputy Commissioner of Haridwar, Uttarakhand, for the financial year 2019-2020. The order relates to alleged excess Input Tax Credit claimed by the company. The total demand includes a tax demand of Rs. 8.87 lakh, interest of Rs. 10.18 lakh, and a penalty of Rs. 8.87 lakh, totalling around Rs. 27.92 lakh. The company has stated that this amount will be treated as a contingent liability. The company plans to appeal the order at the next adjudicating authority or tribunal level, and based on legal advice, it is hopeful of a favourable outcome. The order was received on 7 March 2026 at 3:00 PM IST.
The financial impact is relatively small for a company of this size, and the management does not expect any material effect on operations or financials. The stock price is unlikely to be significantly affected, as the amount will sit in contingent liabilities until the appeal is resolved.