Sterling Tools Limited has informed the Exchange about Action(s) initiated or orders passed
STERTOOLS · price
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Sterling Tools Limited has received an order dated 29 December 2025 from the Office of the Principal Commissioner, CGST Commissionerate, Dehradun, concluding the proceedings that stemmed from a Show Cause Notice dated 25 June 2025. The major tax demand of ₹9,77,76,311 (approximately ₹9.78 crore) has been dropped in its entirety following the company's submissions. A minor interest liability of ₹1,59,706 and a small penalty of ₹68,625 have been confirmed. This is a follow-up to the company's earlier intimation dated 26 June 2025 about the original notice.
This is a positive outcome for shareholders, as the bulk of the ₹9.78 crore tax demand has been quashed, removing a significant potential financial liability. The residual interest and penalty amounts are negligible relative to the company's size, so the net impact is materially favorable.