Sudarshan Chemical Industries Limited has informed the Exchange about Action(s) taken or orders passed
SUDARSCHEM · price
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Sudarshan Chemical Industries has received a GST order (Form DRC-07) from the Office of the Deputy Commissioner of State Tax, Chennai, dated 31st December 2025, for the financial year 2021-22. The total demand is Rs. 59.42 lakhs, which includes a tax demand of Rs. 53.67 lakhs and a penalty of Rs. 5.75 lakhs. The order was issued after a tax audit and the company's response to the initial notice. The company has stated that it has a strong case on all points raised and is in the process of filing an appeal before the appropriate authority. Importantly, the company has clarified that there is no material impact on its financial, operational, or other activities due to this order.
The demand amount of about Rs. 59 lakhs is relatively small for a company of Sudarshan Chemical's size and is unlikely to materially affect operations or stock price. Investors should monitor the outcome of the appeal, but for now the company is treating this as a routine tax dispute that it expects to win.