MOIL Limited has informed the Exchange about Action(s) taken 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 of State Tax, Nagpur, passed in Form GST DRC-07 under Section 73 of the CGST/SGST Act, 2017, for FY 2021-22. The order relates to alleged short payment of GST under the Reverse Charge Mechanism on royalty, District Mineral Foundation (DMF), and National Mineral Exploration Trust (NMET) charges from its mining operations. The total demand is Rs. 1,36,80,967 (about Rs. 1.37 crore), covering GST, interest, and penalty. The order was received on 29 December 2025. MOIL has stated there is no immediate operational impact and will examine the order and file an appeal within the prescribed time.
The demand of ~Rs. 1.37 crore is small relative to MOIL's overall size and is unlikely to be financially material. The company plans to appeal, so the final outcome is uncertain; near-term impact on the stock is expected to be minimal.