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 a show cause notice dated 26.06.2025 from the Additional Commissioner, Office of the Commissioner of Central Tax, Guntur, for the period April 2022 to March 2023. The notice alleges undue refund of accumulated Input Tax Credit (ITC) under the inverted tax structure claimed by the company's Vijayawada unit, along with recovery of erroneous refunds. The total demand raised is Rs 116.01 Crores. The company has stated there is no material impact on its financial or operational activities and is reviewing the notice to file an appeal before the Commissioner (Appeals).
While the Rs 116.01 Crore demand is significant in size, the company's view that it has no material impact may limit near-term stock reaction. However, investors should watch for appeal outcomes, as a final adverse order could affect future earnings.