Nature of the Event
This is a regulatory disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provides an update on a previously disclosed legal matter concerning a Goods and Services Tax (GST) show cause notice.
Key Developments and Chronology
- The company had previously intimated the exchanges about this matter on 26th August 2026 and 25th September 2026.
- The initial event was the receipt of a Show Cause Notice in Form GST DRC-01 from the Office of the Joint Commissioner of State Tax, Ratlam Division, Indore, Madhya Pradesh. The notice was issued under Section 74 of the Central Goods and Services Tax Act, 2017 and the Madhya Pradesh Goods and Services Tax Act, 2017.
- Subsequently, the company filed a writ petition before the Hon'ble High Court of Madhya Pradesh, Indore Bench challenging the validity of the said Show Cause Notice.
Current Update and Outcome
- The company has now received an order from the Hon'ble High Court of Madhya Pradesh, Indore.
- The court order has quashed the Show Cause Notice dated 25th August 2026.
- Furthermore, all proceedings that were initiated on the basis of this show cause notice have also been quashed.
Parties Involved
- Regulatory Authority: Office of the Joint Commissioner of State Tax, Ratlam Division, Indore, Madhya Pradesh.
- Adjudicating Body: Hon'ble High Court of Madhya Pradesh, Indore Bench.
- Listed Entity: G R Infraprojects Limited.
Financial Impact
Financial impact not quantified in the disclosure. The disclosure states that the terms of settlement and compensation/penalty are not applicable.