Reply to email dated 30.04.2025 with Disclosure w.r.t SEBI master circular dated November 11,2024 and explanation that information is not material as per Schedule III of SEBI LODR Part ....
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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.
Storage Technologies and Automation Ltd received an adjudication order from the Karnataka GST department on 14 February 2025 relating to FY April 2020 to March 2021. The order, passed under Section 73 of the CGST and KGST Acts, pertains to misclassification of intra-state supply of services as inter-state supply. The company has been asked to pay Rs. 3,600 in tax along with a penalty of Rs. 20,000. The company is voluntarily disclosing this even though the total amount is below the Rs. 1,00,000 materiality threshold under SEBI LODR rules. Management says there is no expected impact on financial, operational, or other activities of the company.
The financial impact is negligible - just Rs. 23,600 in total, well below SEBI's materiality threshold. Shareholders are unlikely to see any meaningful effect on the stock or business from this order.