Regaal Resources Limited has informed the Exchange about Action(s) taken or orders passed
REGAAL · price
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Awaiting price reaction for this filing.
Regaal Resources has received a demand order of Rs. 2.17 crore from the Office of Joint Commissioner of State GST, Kishanganj, Purnea, Bihar, for the financial year 2021-2022. The order, issued under Section 73 of the CGST/SGST Act, breaks down into a tax liability of Rs. 1.22 crore, interest of Rs. 82.49 lakh, and penalties of Rs. 12.63 lakh. The order was received on January 1, 2026. The company has stated that the demand is not maintainable and is evaluating the matter to take necessary action. Management has indicated no material impact on the company's financials, operations, or other activities from this order.
Short-term negative sentiment possible as the company faces a tax dispute, but the demand amount is modest relative to typical operations. Since the company is contesting the order and expects no material impact, the effect on shareholders should be limited unless the matter escalates unfavorably.