This is a regulatory disclosure submitted to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. It is a follow-up to a previous intimation dated August 21, 2026.
The company informs the exchanges that the Goods & Service Tax Department, Maharashtra (Commissioner of State Tax), concluded its inspection/search proceedings on August 26, 2026, at 8:45 p.m. (IST). A proceeding sheet was issued by the Assistant Commissioner of State Tax, Mumbai, which mentioned certain discrepancies and contentions.
The company states it has rectified the identified discrepancies by paying the GST for the period FY 2021-22 till date. This payment was made under protest, and the amount will be available for restitution/restoration.
Regarding financial impact, the company states that at present, there is no material impact on its financials, business operations, or any other activities from these proceedings. The only potential quantifiable impact is a compensatory interest liability of ₹46.98 lakhs on the GST paid. The disclosure notes that some of this interest amount is under dispute.
The intimation was signed and submitted digitally by Amruta Avasare, Company Secretary & Compliance Officer.