Intimation of order dated 30th April 2026, issued by Commissioner of Central Tax (Appeals), CGST and Central Excise, Vadodara.

Shilchar Technologies received a favourable appellate order from the Commissioner of Central Tax (Appeals), CGST and Central Excise, Vadodara, dated 30th April 2026. Originally, a tax demand of Rs. 3,19,24,454 (approximately Rs. 3.19 crore) was confirmed by a Joint Commissioner order of March 2026. The appellate authority set aside Rs. 3,17,73,217 of that demand and directed re-determination of Rs. 1,64,50,315 under Section 73 instead of Section 74 of the CGST Act, 2017. Interest and penalty on the set-aside demand were also vacated. The company received the order via email on 12th May 2026 and filed this disclosure on 13th May 2026. The company states the order does not have any material impact on its financial position, operations, or other activities.