Date: October 30, 2026
Other Operational / Legal / Strategic Disclosures
Greenlam Industries Limited received a Show Cause Notice in FORM GST DRC-01 from the State Tax Officer Tindivanam, Villupuram, Tamil Nadu.
The notice reference ZD3309260583272 dated September 8, 2026 pertains to alleged excess availment of Input Tax Credit (ITC) and ineligible ITC for FY 2023-24. The notice was issued under section 73 of CGST/TNGST Act 2017.
The total amount involved is Rs. 7.71 Crore plus applicable interest and penalty. The company received the notice on September 9, 2026.
The company has submitted its reply within the stipulated timeline and is hopeful of a favorable outcome. The company does not expect any material impact on its financials or operations from this notice.
Disclosure Timing Explanation
The disclosure was delayed due to an inadvertent oversight of internal communication regarding disclosure requirements. The omission was identified during quarterly review and is now being submitted to maintain transparency with stakeholders.