Mawana Sugars Limited has informed the Exchange that the GST liability of Rs.1,22,415/- has been cancelled.
MAWANASUG · price
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Awaiting price reaction for this filing.
Mawana Sugars' Nanglamal Sugar Complex unit had a GST liability of Rs. 1,22,415 imposed by the Joint Commissioner (Corporate Cell), SGST Office, Meerut, over alleged double e-way bills on an invoice (3 cases). The company filed a representation challenging this liability. After reviewing the company's submission, the Joint Commissioner has cancelled the liability in full. This is an update to a prior intimation dated August 27, 2025. The amount involved is small and the matter is now closed with no penalty or financial impact on the company.
Mildly positive for shareholders as the liability has been fully cancelled, but the amount is negligible and unlikely to move the stock. No material financial impact.