Sequent Scientific Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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Awaiting price reaction for this filing.
Sequent Scientific Limited has received a show cause notice from the Deputy Commissioner of State Tax, Thane (Maharashtra) regarding discrepancies in GST returns for FY 2021-22. The notice disallows certain input tax credits and proposes a penalty of around Rs 25.41 lakh under Section 73(1) of the CGST Act, 2017. The order was received on July 18, 2025. The company has stated it believes the notice has no merit and plans to make its submission before the authority within the given timeline. Importantly, the company has clarified that it does not foresee any material impact on its financial or operational activities from this matter.
The penalty amount is small relative to a company of this size, and management has explicitly stated no material impact is expected. Shareholders are unlikely to see a significant stock reaction, though the tax dispute remains an open item that needs to be resolved through the response process.