WeWork India Management Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
WEWORK · price
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WeWork India has received an order dated December 29, 2025, from the Office of the Principal Commissioner of CGST & CX, Mumbai-East, confirming a tax demand and penalty under Section 74(9) of the CGST/MGST Act. The order relates to alleged ineligible Input Tax Credit (ITC) of around ₹7.93 crore and unreconciled unbilled revenue of about ₹56.6 lakh across FY 2018-19 to FY 2020-21. A matching penalty of roughly ₹7.93 crore on ITC and ₹56.6 lakh on the unbilled revenue has also been levied, along with applicable interest. The company disputes the order, plans to file an appeal before the Commissioner (Appeals) within the prescribed timeline, and states it does not currently foresee any impact on its financials or operations.
This is a tax-related litigation order against the company involving a total demand and penalty of approximately ₹17 crore plus interest, which could weigh on sentiment in the near term. However, since the company intends to appeal and believes the order lacks merit, the final financial impact remains uncertain and will depend on the appeal outcome.