Xelpmoc Design And Tech Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
XELPMOC · price
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Awaiting price reaction for this filing.
Xelpmoc Design and Tech has filed an appeal with the Joint Commissioner of Commercial Taxes (Appeals) in Bangalore against a GST demand order of Rs. 66.93 lakh for FY 2021-22. The demand includes Rs. 36.33 lakh in tax, Rs. 26.83 lakh in interest, and Rs. 3.77 lakh in penalty. The tax authority alleged that the company wrongly classified certain outward supplies as zero-rated under the IGST Act and short-paid taxes under reverse charge mechanism (RCM) on inward services. The company has stated that the order has no impact on its day-to-day operations or business activities. This is the latest update in the matter — a show cause notice was received in September 2025 and the original demand order was issued on December 30, 2025.
The financial exposure of Rs. 66.93 lakh is relatively small for the company and there is no operational disruption. Since the company is actively contesting the demand, the immediate impact on shareholders is limited, but investors should watch for the appeal outcome which could either reduce or confirm the liability.