Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Show Cause Notice from the Office of the CGST, Palghar Commissionerate.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.9 pts more than its Residential, Commercial Projects 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.
Veer Global Infraconstruction has received a Show Cause cum Demand Notice dated 30 September 2025 from the Office of the Commissioner of Central GST, Palghar Commissionerate, under Section 74 of the CGST Act, 2017. The demand covers the period from FY 2019-20 to FY 2024-25 and relates to alleged issues including short-payment of GST, excess Input Tax Credit (ITC) availed, non-reversal of ITC, non-compliance with Notification No. 03/2019, and non-payment of cash liability through the cash ledger. The total tax demand stands at Rs 22,12,72,895 (approx. Rs 22.13 crore), with additional interest and penalty as applicable. The company has stated it will file a detailed reply within prescribed timelines and believes it has adequate legal grounds to substantiate its position.
This is a potentially material financial exposure for the company. If the adverse outcome materializes, the Rs 22+ crore demand (plus interest and penalty) could significantly strain the company's cash flow and profitability. The stock may see negative sentiment in the near term pending clarity on the resolution, though the company's stated intention to contest provides some reassurance.