Subros Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
SUBROS · price
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Awaiting price reaction for this filing.
Subros Limited received a Show Cause Notice from the Customs Department on April 30, 2025, alleging incorrect availment of a notification benefit and mis-classification of imported copper tubes & pipes. The disputed duty amount is Rs. 2.33 crores, along with applicable interest and penalty. The company has stated it will file a reply before the Adjudicating Authority. Subros has clarified that there is no immediate material impact on its financial position or operations due to this notice. The matter is at a preliminary stage and no final order has been passed.
This is a preliminary notice and not a final ruling, so the stock is unlikely to react sharply. However, if the Adjudicating Authority rules against the company, the Rs. 2.33 crore duty plus interest and penalty could dent earnings, though the amount is relatively small for a company of Subros's size.