Intimation under regulation 30 of SEBI Listing Regulations regarding a summon issued by superintendent of Central GST and Central Excise Unit, Vadodara
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Shree Ganesh Remedies Ltd has received a summons from the Superintendent of Central GST and Central Excise Unit, Vadodara under Section 70 of the Central GST Act, 2017. The allegation is that physical stock at a company warehouse was found expired and that the re-testing date needs to be updated. The company received the letter on July 18, 2025, reviewed it on July 19, 2025, and is required to appear before the authority on July 21, 2025. The potential GST liability involved is approximately Rs. 88.61 Lakhs, though the company, supported by legal and tax counsel, considers the claim untenable and plans to file an appeal before the appellate authority.
The potential liability of around Rs. 88.61 Lakhs is modest, and since the company is actively contesting the claim with legal backing, the immediate financial impact is likely limited. Shareholders should monitor updates as the appeal progresses, but the matter is at a preliminary stage and not expected to materially affect operations.