Nila Infrastructures Limited has informed the Exchange regarding 'update'.
NILAINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.3 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nila Infrastructures has received a Show Cause Notice from the Office of Deputy Commissioner of State Tax Enforcement, Division-1, Ahmedabad, dated 1 May 2025. The notice, issued under Section 74 of the CGST/SGST/IGST/CESS Act, 2017, alleges short payment of tax and wrongful availing of input tax credit for FY 2018-19. The total tax demand stated in the notice is INR 4.51 Crore, which includes IGST of INR 4.09 Crore covering tax, interest, and penalty. This matter is linked to an earlier Demand cum Show Cause Notice dated 8 July 2024, for which the company has already filed an appeal that is currently pending. The company has stated there is no material impact on its financial or operational activities and is preparing a strong-merit reply to challenge the notice.
The potential liability of ₹4.51 Crore is modest and the company has already appealed the related earlier notice, so the near-term financial hit is likely limited. Shareholders may see a mild negative reaction, but the company has clarified the impact is not material.