Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 is attached.
WELSPLSOL · price
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Welspun Specialty Solutions has received a GST order dated December 24, 2025, from the Deputy Commissioner of State Tax in Bharuch, Gujarat, on December 29, 2025. The order confirms a tax demand of approximately Rs. 4.09 crore along with applicable interest and a penalty of around Rs. 40.88 lakh under the CGST/GJGST Act, related to an alleged excess claim of GST refund on exports for FY 2021-22. The company plans to file an appeal before the First Appellate Authority and believes the demand is without merit and likely to be set aside. The company states it does not foresee any material impact on its financial or operational activities.
No immediate material impact expected as the company is contesting the order via appeal and views the demand as without merit. However, the total potential exposure (tax + interest + penalty) of roughly Rs. 4.5 crore remains a contingent liability until the appeal outcome.