Summary of Key Information:
Target Company: Keerti Institute India Private Limited (KIIPL) - Wholly Owned Subsidiary
Parent Company: G-TEC Jainx Education Limited (Formerly Known as Keerti Knowledge & Skills Limited)
Stock Exchange Listings:
NSE Scrip Code: GTECJAINX
Series: EQ
Nature of Transaction / Event: Regulatory Compliance Disclosure - Show Cause Notice from GST Authorities
Date of Transaction: Notice dated September 24, 2026
Regulatory Authority: Office of the Deputy Commissioner of State Tax, MUM-AUD-E-205, Audit Branch, Zone-II, Mumbai
Legal Basis: Form GST DRC-01 issued under Section 73 of the Central Goods and Services Tax Act, 2017 and Maharashtra Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods and Services Tax Act, 2017
Period Covered: April 1, 2022 to March 31, 2023
Nature of Discrepancies: The show cause notice relates to observations/discrepancies identified during GST audit concerning:
- Outward supplies/reimbursements
- Advances
- Reverse charge liability
- Input tax credit
- Other GST matters
Company Response: KIIPL is examining the observations contained in the Show Cause Notice and taking appropriate steps in accordance with applicable law
Disclosure Basis: Made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Additional Information: The company will continue to monitor the matter and make further disclosures as required under applicable laws and regulations
Analyst Notes:
This is a factual disclosure of a regulatory notice received by a wholly owned subsidiary. The company has appropriately disclosed the matter under SEBI LODR requirements. The financial impact, if any, will depend on the outcome of the subsidiary's response to the notice and subsequent proceedings.