Date: October 2, 2026
Other Operational / Legal / Strategic Disclosures
This regulatory filing is an update pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following a previous disclosure made on April 24, 2026 (Ref. No.: AIL/SE/3/2026-27).
- Nature of Dispute: The company had received a Demand and Show Cause Notice from the Office of the Additional Commissioner (AE), CGST & Central Excise Commissionerate, Surat.
- Financial Demand: The notice was for an amount of ₹4,26,16,311 (Rupees Four Crores Twenty-six Lakhs Sixteen Thousand Three Hundred Eleven only), plus applicable interest.
- Reason for Notice: The demand pertained to the disallowance of Input Tax Credit (ITC) availed on various expenses incurred during the Financial Years 2020-21 and 2021-22. These expenses were related to the company's Initial Public Offer (IPO).
- Update & Resolution: The proceedings related to this notice have been dropped by the tax authority.
- Order Date: The closure order was issued on October 1, 2026.
- Authority's Finding: The authority considered the tax credit availed by the company to be fair and legitimate.
- Financial Impact: The company states that the dropping of proceedings bears no financial implications for the company.