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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rithwik Facility Management Services has received a GST order from the Assistant Commissioner, Guindy Assessment Circle, imposing a penalty of Rs. 4,62,82,054 (approximately Rs. 4.63 crore) including tax, interest, and penalty. The order, passed under Section 73 of the GST Act, relates to alleged output tax discrepancies for the financial year 2021-22. The order was uploaded on the GST portal on December 27, 2025, and was reviewed by the company on December 30, 2025. The company stated it is examining the order in detail and exploring appropriate legal recourse to contest it before the competent authorities.
The Rs. 4.63 crore demand is a material financial hit for a small-cap company and may weigh on near-term sentiment, though the company is actively contesting the order. Investors should watch for updates on the legal challenge, as a successful appeal could significantly reduce the impact.