This is to inform that company has received order under section 7 of KGST act on 18-12-2025 .The order involves penalty of Rs.20,000/-
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Awaiting price reaction for this filing.
The company received an order from the Karnataka GST Department (Deputy Commissioner, DGSTO-5, Bengaluru) dated 18 December 2025, pertaining to FY 2021-22. The order was passed under Section 73(9) of the KGST Act, 2017, alleging excess Input Tax Credit (ITC) claimed on sheet piling of iron or steel products. The total demand is ₹30,584, broken down into tax of ₹6,376, interest of ₹4,208, and penalty of ₹20,000. The company has stated it is examining the order and will take appropriate steps. Management has indicated that it does not foresee any material impact on its financial position or operations from this order.
The financial impact is negligible — a total demand of just ₹30,584 is immaterial relative to any reasonable company size. The stock price is unlikely to react meaningfully, though investors should note this as a minor compliance/tax dispute that may take time to resolve through appeal.