GST penalty of Rs 22.9 lakh on Shamli Sugar Unit; company to appeal
TRIVENI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Triveni Engineering's Shamli Sugar Unit (formerly Sir Shadi Lal Enterprises) has received a GST penalty order of Rs 22.92 lakh from the Assistant Commissioner, CGST Division Shamli, dated 19 October 2026. The penalty under the CGST Act 2017 and UP GST Act 2017 alleges the unit issued tax invoices without actual supply of goods in FY 2020-21 and FY 2021-22. The company plans to appeal before the commissioner. Management says there is no material financial or operational impact.
Minor penalty relative to company size; firm to appeal. No material financial or operational impact disclosed.