Ex-parte assessment order passed under UPVAT for the year 2015-16. Details are as per attachment.
STARPAPER · price
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Star Paper Mills Ltd received an ex-parte assessment order dated 30/03/2026 from the Deputy Commissioner, Sector-2, Saharanpur (UP) regarding the financial year 2015-16 under UPVAT. The order demands additional tax of Rs. 115.27 lakhs. The company has clarified that it rebuts this order and intends to file a review application to re-open the case and assessment. Importantly, the company has stated that there is no material impact on its finances, operations, or other activities due to this order. The disclosure is being made under Regulation 30 of SEBI (LODR) Regulations, 2015.
The company has downplayed the impact, stating no material effect on finances or operations. However, the Rs. 115.27 lakh tax demand and the ex-parte nature of the order could still create uncertainty among investors until the review is completed.