Sudarshan Colorants India Limited has informed the Exchange about receipt of GST Order
SUDARCOLOR · price
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Sudarshan Colorants India has informed the exchanges about a GST order (Form DRC-07) received on March 23, 2026, from the Office of the Commercial Tax Officer in Chidambaram-I, Cuddalore, Tamil Nadu. The order relates to the financial year April 2024 to March 2025 and demands an aggregate amount of Rs. 62.07 lakhs, broken into Rs. 43.36 lakhs in tax, Rs. 11.52 lakhs in interest, and Rs. 7.19 lakhs in penalty. The demand was raised after the tax authority reviewed the company's response to an earlier notice. The company has stated that it is filing an appeal before the appropriate authority and believes it has a strong case on all points raised.
The demand amount of around Rs. 62 lakhs is relatively small for a listed entity, and the company is contesting it through appeal. Shareholders should note the outcome of the appeal, but management has confirmed no material impact on financial or operational activities is expected at this stage.