Disclosure under Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Clause 20 of Para A of Schedule III
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Samrat Forgings has disclosed an order from the GST Authority in Mohali, Punjab related to a show cause notice for FY 2020-21 under Section 73(1) of the GST Act. The original demand of Rs. 2,04,986 (covering tax, interest, and penalty) has been reduced to Rs. 37,340 after a hearing in the company's favor. The order was received on April 2, 2025. The company has stated that the reduced demand amount is immaterial and will not have any significant impact on its financials, operations, or activities.
Positive outcome for shareholders — the GST demand was slashed by over 80% from the original notice, and the final amount of Rs. 37,340 is negligible for the company. No meaningful financial or operational impact expected.