In terms of Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 SEBI (LODR) Regulations and in continuation to our intimation dated July 01, 2025 regarding receipt of a Show Cause Notice dated June 30, 2025, we hereby inform you that the Office of the Principal Commissioner, Central Goods and Services Tax, Commissionerate, Ludhiana, has dropped the proceedings initiated under aforesaid Show Cause Notice.
TRIDENT · price
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Awaiting price reaction for this filing.
Trident Limited had received a Show Cause Notice dated June 30, 2025, from the Office of the Principal Commissioner of Central Goods and Services Tax (CGST), Ludhiana. The company has now informed stock exchanges that the proceedings initiated under that Show Cause Notice have been dropped by the CGST authorities. This brings to a close the tax matter that had been flagged by the company in its earlier intimation dated July 01, 2025. No further penalty or demand has been indicated in this update.
Positive for shareholders — the closure of the CGST proceedings removes a potential tax liability overhang on the company, though the exact financial impact of what was avoided has not been disclosed in this filing.