Star Paper Mills Limited has informed the Exchange about ex-parte assessment order passed under UPVAT for the year 2015-16
STARPAPER · price
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Star Paper Mills received an ex-parte assessment order dated 30 March 2026 from the Deputy Commissioner, Sector-2, Saharanpur, Uttar Pradesh, for the financial year 2015-16. The order demands additional UPVAT (Uttar Pradesh Value Added Tax) of Rs. 115.27 lakhs. The assessment was conducted without the company's participation (ex-parte). The company has stated that it will file a review application to contest and reopen the case. Management has clarified that this order has no material impact on the company's finances, operations, or other business activities.
The tax demand of Rs. 115.27 lakhs is relatively small compared to the company's scale, and the company has explicitly stated there is no material impact. However, if the review application is rejected and the demand is upheld, it could result in a liability. The stock is unlikely to see significant movement based on this disclosure alone.