REPLY TO STOCK EXCHANGE FOR DELAY IN SUBMISSION OF INTIMATION UNDER REGULATION 30 OF SEBI (LODR)REGULATIONS,2015
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Trans Freight Containers has responded to a BSE query explaining why it delayed informing the stock exchange about a GST demand notice. The GST Department issued a notice dated September 30, 2025, but did not send a physical copy or email — it was only uploaded on the GST portal. The company learnt about the notice only on October 24, 2025 via a phone call from the GST Department. Since the next two days were a weekend (non-working days for BSE) and the company needed legal advice, the matter was formally reported to BSE on Monday, October 27, 2025. The company is stating the delay was beyond its control.
The bigger underlying issue for shareholders is the undisclosed GST demand notice itself, which could turn into a financial liability depending on its amount and outcome. The late-disclosure explanation may or may not satisfy the exchange and could potentially attract a minor penalty for missing the 24-hour reporting deadline under SEBI rules.