The Company has received Notice by online through GST Portal.
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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.
The company received an online GST notice (Form DRC-01A) from the Joint Commissioner of GST Intelligence, Vellore on January 12, 2026, covering financial years FY2020-21 to FY2025-26. The notice alleges GST violations with a total tax demand of Rs 21.07 crores and an equal penalty amount, bringing the grand total to Rs 42.14 crores. The company plans to file a detailed reply with supporting facts and figures to contest the demand. Management stated it has adequate legal grounds to defend its position and does not expect any material impact on its financial or operational activities. Note: the BSE code suffix 'LQ' indicates the company is currently in the suspended list on the exchange.
The Rs 42.14 crore combined demand is large relative to a small suspended textile company, but management believes it can be successfully contested with no material financial impact. Investors should watch for updates on the company's reply to authorities and any further developments.