Mawana Sugars Limited has informed the Exchange regarding 'Disclosure/Intimation under Regulation 30 of SEBI (LODR) Regulations 2015'.
MAWANASUG · price
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Awaiting price reaction for this filing.
Mawana Sugars has received a notice from the Joint Commissioner (Corporate Cell), S.G.S.T. Office, Meerut, UP, alleging that its Nanglamal Sugar Complex (NSC) unit generated double e-way bills on an invoice in three instances. A total liability of ₹1,22,415 has been imposed under Section 74(5) of the CGST Act, 2017, broken down as ₹54,225 in tax, ₹60,056 in interest, and ₹8,134 in penalty. The authority has warned that a formal Show Cause Notice under Section 74(1) will follow if the company fails to respond. Mawana says the notice is factually incorrect and will file a reply by the September 26, 2025 deadline. The total amount involved is negligible compared to the size of a listed company.
The financial impact is minimal at just over ₹1.22 lakh, so this is unlikely to materially affect the stock price. However, it is a routine tax compliance matter that the company is contesting, and shareholders should watch for any escalation into a formal Show Cause Notice.