Disclosure of event or information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
MRPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MRPL has received an Order-in-Original (OIO) dated 30 March 2026 from the Commissioner of Central Excise & Central Tax, Mangaluru, regarding alleged wrongful availment of GST input tax credit (ITC) for FY 2019-20 to FY 2023-24. The tax authority has raised a demand of Rs. 10.97 crore (basic amount) and imposed a penalty of Rs. 12.79 crore, along with applicable interest. MRPL plans to file an appeal against the order within the prescribed timeline, calling it unjustified and unsustainable in law. The company has stated there is no significant financial impact given its size and scale of operations.
While the combined demand of ~Rs. 23.76 crore (excluding interest) is small relative to MRPL's overall operations, an adverse final ruling after appeal could add to the company's tax liabilities. The stock is unlikely to react sharply given the company's reassurance of no material impact, but investors should watch the appeal outcome.