Vedant Fashions Limited has informed the Exchange regarding receipt of an Order-in-Appeal dated May 13, 2026, from the Office of the Additional Commissioner (Appeal), Kolkata Appeal-I, CGST & CX, Kolkata, under the CGST Act 2017, vide the enclosed letter.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vedant Fashions Limited has received an adverse appellate order from the Office of the Additional Commissioner (Appeal), Kolkata Appeal-I, CGST & CX. The authority rejected the company's appeal against an earlier Order-in-Original (OIO) dated February 02, 2025. The confirmed demand involves recovery of Input Tax Credit of ₹1,01,20,387 (for FY 2017-18 to FY 2019-20), interest on the same, and a penalty of ₹1,01,20,387, totaling approximately ₹2.03 crore. The company states it is evaluating the order and will take necessary steps including seeking appropriate relief within prescribed timelines. This is a continuation of the company's earlier disclosure dated February 07, 2025.
The appellate rejection confirms a financial liability of around ₹2.03 crore for the company. While this is not material to Vedant Fashions' overall financials given its scale, it represents a negative regulatory development. The company may further appeal to higher authorities under CGST law, but the confirmed GST demand could impact investor sentiment in the short term.