Fine Organic Industries Limited has submitted a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. This filing is in continuation of an earlier intimation dated October 30, 2026.
The disclosure concerns the conclusion of search proceedings initiated by the Maharashtra Goods and Services Tax Department under Section 67 of the Maharashtra Goods and Services Tax Act, 2017. The searches were conducted at the company's registered office and other locations.
Key Details of the Proceeding:
- Authority: Maharashtra Goods and Services Tax Department
- Nature of Action: Search proceedings
- Commencement Date: October 30, 2026
- Conclusion Date: November 5, 2026
- Legal Basis: Section 67 of the Maharashtra Goods and Services Tax Act, 2017
The company states it extended full cooperation to the officials during the search and provided all requisite information, documents, and clarifications. Business operations continued as usual throughout the proceedings.
Financial Impact and Violation Details:
The Department determined a tax and interest liability of ₹5,00,47,594 (Five Crore, Forty-Seven Thousand, Five Hundred and Ninety-Four Rupees) pertaining to earlier periods. The company has duly paid this amount in full.
The financial impact on the company is explicitly stated to be limited to this payment. The disclosure confirms there is no material impact on the business operations of the company.