Intimation of receipt of orders from GST Authorities , Trichy Tamilnadu . Annexure on received is attached. The financial impact is Rs. 9572719. The Company is going on appeal for all the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Maris Spinners has received GST assessment orders from the Trichy tax authorities covering four financial years (2018-19, 2019-20, 2021-22, and 2022-23), with a total financial impact of Rs. 95,72,719. The demand is split roughly equally between CGST and SGST (Rs. 45.47 lakhs each), with a smaller IGST component of Rs. 4.79 lakhs. The smallest order for FY 2018-19 (Rs. 26,332) has already been settled by the company. For the remaining three years, totalling about Rs. 95.46 lakhs, the company has stated it will file appeals. The orders were issued between late December 2025 and early February 2026.
This is a moderate tax demand that the company is actively contesting through appeals, so the actual cash outflow is not yet confirmed. Shareholders should view this as a contingent liability — if the appeals fail, the company may have to pay close to Rs. 96 lakhs plus interest, though this amount appears manageable relative to typical operations. The near-term stock impact is likely limited, but the outcome of the appeals will be a key thing to watch.