Intimation under Regulation 30 of the SEBI LODR Regulations 2015. Receipt Show Cause Notice under GST
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Storage Technologies and Automation Ltd received a Show Cause Notice dated 18 September 2025 from the Karnataka GST Department proposing a penalty of ₹4,43,404 under Sections 59, 39, 74, and 122 of the KGST Act, 2017. The notice relates to alleged failure to correctly self-assess and discharge tax liability for the tax period 2021-22. The company delayed the intimation to the stock exchange by about a month, saying it was verifying details with tax and legal advisors and characterized the delay as inadvertent. The company states that the notice does not have any material financial or operational impact and has made the disclosure voluntarily in the interest of transparency.
The proposed penalty of ₹4.43 lakhs is small relative to a listed company and the management itself states there is no material impact, so this is unlikely to move the stock meaningfully. However, the delayed disclosure could raise minor governance concerns among retail investors.