The response to the email dated 06th April 2026 from the Exchange seeking additional details for corporate announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015 on April ....
MATRIMONY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Matrimony.com received GST penalty orders from four state authorities (Tamil Nadu, Karnataka, Kerala, and Maharashtra) totaling approximately Rs. 10.24 crore under Section 74 of CGST Act 2017. The penalties relate to alleged violations including blocked input tax credit, excess distribution of common input services under ISD, and ineligible ITC during periods from April 2019 to March 2023. The company claims there is no material impact on financials or operations and is pursuing legal recourse, believing the demands are without legal justification. BSE had sought clarification on why the disclosure was delayed beyond 24 hours, and the company explained it needed time to evaluate the impact and obtain expert opinion before filing.
While the total penalty demand of Rs. 10.24 crore is significant, the company states it expects no material financial impact as it plans to challenge these orders through legal channels. Shareholders should monitor the outcome of these appeals.