Regulatory Background
The disclosure is made under Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015, referencing SEBI circulars dated July 13, 2023 (SEBI/ HO/ CFD/ CFD-PoD-1/P/CIR/2023/123) and January 30, 2026 (HO/49/14/14(7)2025-CFD-POD2/I/3762/2026).
Order Details
- Authority: Additional Commissioner of State Tax, Chhattisgarh
- Order Reference: Form GST APL-04
- Previous Order Modified: Order No. ZD221223043890S dated 28th December 2023
- Nature of Order: Appellate order modifying earlier GST demand
Quantitative Impact
- Original Demand Amount: ₹33,65,67,267
- Revised Demand Amount: ₹21,04,87,008
- Reduction Achieved: ₹12,60,80,259 (relief amount)
- Aggregate Demand Confirmed: ₹21,04,87,008
Violation Details
The order pertains to alleged GST demand relating to tax, interest, and penalty under applicable provisions of GST law as originally raised in the order dated 28th December 2023.
Financial Impact Assessment
The company states there is "no material financial impact on the Company at this stage."
Next Steps
The Company is "going to appeal against the said order" (the modified order dated 10th June 2026).