Date: 23rd July, 2026
Regulatory Disclosure Details
Nature of Communication
- The company received a demand for recovery of GST and interest pertaining to past period from Maharashtra Industrial Development Corporation (MIDC)
- Received through speed post on 23rd July, 2026
Details of Violation/Contravention
- Pursuant to notice received from Director General of GST intelligence, MIDC has paid GST and interest on receipts in respect of various services
- Period covered: 01.07.2017 to 04.09.2022
- The amount was not collected from the company previously
- MIDC is demanding payment of:
- GST: ₹ 4,87,368
- Interest: ₹ 1,06,713.56
- Total: ₹ 5,94,081.56 (Rupees Five Lakhs Ninety-Four Thousand Eighty-One and Fifty-Six Paise Only)
Financial Impact
- The quantifiable financial impact would be limited to ₹ 5,94,081.56 only
Company Response
- The company is examining the demand
- Shall submit its reply within the prescribed timelines
- Action will be based on the advice of its consultants
Sections Not Applicable
- KMP / Board / Auditor Changes: Not Specified
- Dividend Declaration: Not Specified
- Board Meeting Outcomes: Not Specified
- Financial Results: Not Specified
- Auditor's Report: Not Specified
- Disinvestment / Strategic Actions: Not Specified
- Media Release / Investor Communication: Not Specified