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 , we hereby inform you that Trident Limited has received a Show Cause Notice dated June 30, 2025 from Office of the Principal Commissioner, Central Goods and Services Tax, Commissionerate, Ludhiana.
TRIDENT · price
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Trident Limited has received a Show Cause Notice (SCN) dated June 30, 2025 from the Office of the Principal Commissioner, Central GST, Ludhiana, under Section 74 of the CGST Act, 2017. The notice relates to alleged discrepancies in Input Tax Credit (ITC) reconciliation and suppression of outward tax liability due to variances between E-way bills and GST returns for FY 2018-19 to FY 2020-21. The alleged tax demand is Rs. 51.87 crore along with applicable interest and penalty equivalent to the tax amount. The company has stated that it will file a detailed reply with supporting evidence within the prescribed timelines. Trident clarified that its GST returns were correctly filed and earlier audited by the CGST department with no prior dispute on these issues.
This is only a show cause notice and not a final order — the company says there will be no material impact on financials at this stage. The actual impact, if any, will depend on the outcome of the proceedings and could range from nil to the full disputed amount of about Rs. 51.87 crore plus interest and penalty. Shareholders should monitor for further updates but the near-term effect on the stock is likely limited unless the matter escalates.