Intimation Under Regulation 30 Of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MPHASIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mphasis Ltd received an order from the Joint Commissioner of Commercial Taxes (Appeals-5), Bengaluru, imposing a penalty of Rs. 1,941,007 (approximately ₹19.4 lakhs) under Section 73(9) of the Karnataka Goods and Services Tax Act, 2017. The penalty relates to three issues: late reversal of input tax credit under Rule 42 of the CGST Act, non-submission of special economic zone endorsement, and determination of place of supply for export transactions. The order was received on 5th May 2026. The company has stated there is no impact on its financial, operational, or other activities.
The penalty amount of ~₹19.4 lakhs is relatively small for a company of Mphasis's scale and is unlikely to materially impact the stock. However, it reflects a tax compliance lapse which may attract minor regulatory attention.