Information under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )
NFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
National Fertilizers Limited (NFL) has received an order dated 23.09.2025 from the Office of the Commissioner of Central Tax, Guntur, raising a total demand of Rs 116.01 Crores. The demand relates to alleged undue refund of accumulated Input Tax Credit (ITC) under the inverted tax structure claimed by NFL's Vijayawada unit for the period April 2022 to March 2023. The order was received by the company on 25.09.2025. The company has stated there is no material impact on its financial or operational activities and plans to file an appeal before the Commissioner (Appeals). NFL is a Navratna public sector undertaking under the Government of India.
A Rs 116.01 Crore demand is sizeable for NFL, but the company maintains it will not have a material financial or operational impact and intends to appeal. Investors should monitor the appeal outcome, as an adverse ruling could affect earnings, while a favorable outcome would remove this overhang on the stock.