Navneet Education Limited has informed the Exchange about General Updates
NAVNETEDUL · price
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Awaiting price reaction for this filing.
Navneet Education Limited has received a demand order from the Office of the Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh for FY 2021-22. The order asks the company to pay Rs. 22,54,310/- (around Rs. 22.54 lakhs) towards tax, interest, and penalty related to GST input credit of Rs. 12,70,820/- that was availed by the company. The order was received on 1st January 2026 and disclosed to the exchanges on 2nd January 2026. The company has stated that this demand has no material impact on its finances, operations, or other activities. The company has not yet indicated whether it plans to pay, contest, or appeal the order.
The demand amount is small relative to a company of Navneet's size, so it is unlikely to affect the stock price or shareholder value. Investors should watch for any future update on whether the company appeals or settles the demand, as unresolved tax disputes can sometimes escalate.