MOIL Limited has informed the Exchange about Action(s) initiated or orders passed
MOIL · price
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Awaiting price reaction for this filing.
MOIL Limited has received an order from the Deputy Commissioner, CGST & Central Excise, Bhandara Division, dated 29.07.2025, relating to a service tax demand for financial years 2016-17 and 2017-18 (up to June 2017) on its EMD plant. The total demand is Rs. 1,44,404 in service tax, along with an equivalent penalty of Rs. 1,44,404 and applicable interest. The company has described the financial impact as negligible and has stated it will file an appeal before the appellate authority. The company has clarified there is no impact on its operations or other activities due to this order.
The demand amount is very small (around Rs. 2.88 lakh including penalty) compared to MOIL's overall scale, and the company is contesting it through appeal. Shareholders are unlikely to see any meaningful effect on the stock price or business operations.