Enclosed herewith is the revised intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, in continuation of the earlier intimation submitted on May 22, 2026.
SEDEMAC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sedemac Mechatronics received GST Show Cause Notices (Form GST DRC-01) from the Assistant Commissioner, Commercial Taxes Department, Tamil Nadu, dated 20 May 2026, covering FY 2022-23 and FY 2023-24. The notices demand tax of ₹2.14 crore and penalties of ₹21.36 lakh, totalling approximately ₹2.35 crore. The allegations include short payment of tax under RCM, reversal of output tax on credit notes, excess input tax credit availed, and a Rule 138 violation for FY 2022-23. The company received the notice via email on 20 May but there was a one-day delay in disclosure because the accountant who received it was on leave. The company states it does not expect any material financial impact and will file objections and seek a personal hearing by 9 June 2026.
The total demand of ₹2.35 crore is relatively small and the company has explicitly stated no material financial impact is expected. The filing itself is a compliance disclosure, not an admission of liability. However, repeated GST notices could attract regulatory scrutiny and may have a minor negative sentiment effect until resolved.