Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached.
RELIANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Reliance Industries has received an order dated March 30, 2026 from the Assistant Commissioner of State Tax, Junagadh, levying a penalty of Rs. 15,38,402 under Section 74 of the Gujarat GST Act, 2017. The order alleges incorrect availment of input tax credit by the Company. Reliance has stated it intends to file an appeal against this order. The Company has clarified that there is no impact on its operations or other business activities. The financial impact is limited to the penalty amount itself, which is very small relative to the size of the Company.
The penalty is negligible for a company of Reliance's size and does not affect operations. Investors are unlikely to see any meaningful stock price impact, though the appeal process will be monitored. This appears to be a routine tax dispute.