UCAL LIMITED has informed the Exchange about Action(s) initiated or orders passed

UCAL Limited received a show cause notice dated 09 April 2026 from the Assistant Commissioner (ST), Ambattur Assessment Circle, Commercial Tax Department. The notice pertains to alleged discrepancies in the Company's GST returns/statements for FY 2022-23 and FY 2023-24. The authorities have flagged issues including short payment of tax on outward supplies, differences in turnover, short payment of tax under RCM, ITC reversal, Credit notes and E-way bill reconciliation. The Company has been given an opportunity to respond and file objections. UCAL states there is no material impact on its financial or operational activities and believes the notice has no merits. The Company plans to file a detailed reply with facts, figures and evidence within the prescribed timelines.