We wish to inform you that the company has received an Order (Form DRC-07) under Section 74 of the Tamil Nadu Good and Services Act, 2017 from the office of the Assistant Commissioner ....
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Timex Group India has received a demand order (Form DRC-07) from the Office of the Assistant Commissioner (ST) in Chennai under Section 74 of the Tamil Nadu GST Act, 2017. The order pertains to the financial year 2019-20 and relates to alleged excess input tax credit availed in GST returns. The order was received on March 22, 2026. The financial impact is stated at just INR 8,845 including interest and penalty, which is a negligible amount for the company. This is a routine tax compliance matter disclosed under SEBI listing regulations.
The impact on shareholders is negligible given the tiny monetary value of INR 8,845. This is a minor tax demand notice that the company may choose to contest or pay, and is unlikely to affect the stock price or operations in any meaningful way.