Elitecon International received a show cause notice from DGGI Lucknow on April 7, 2026, proposing total demands of approximately ₹442 crore.
The notice includes tax demands of ₹221.89 crore, interest/penalty of ₹129.18 crore, and recovery of ₹91.22 crore in GST refunds.
The company acknowledges a one-day delay in disclosure due to verification and legal evaluation processes.
Financial impact remains contingent on adjudication outcome as the matter is at preliminary stage.