Date: September 30, 2026
Regulatory Disclosure Details
Nature of Notice: Show Cause Notice in FORM GST DRC-01
Issuing Authority: Assistant Commissioner (ST), Chittoor, TIRUPATI-II, Government of Andhra Pradesh
Reference Number: ZD370926057919G
Date of Receipt: September 29, 2026
Affected Entity: Greenlam Limited (wholly owned subsidiary of Greenlam Industries Limited)
Legal Basis: Section 73 of CGST/APGST Act 2017
Alleged Violation: Reversal of input tax credit claimed as ineligible under Section 17 of CGST/APGST Act 2017
Financial Year: 2022-23
Amount Involved: ₹77,349,835 (Seventy-Seven Crore Thirty-Four Lakh Ninety-Eight Thousand Thirty-Five Rupees)
Additional Liabilities: Applicable interest and penalty
Response Deadline: 30 days from receipt of notice
Company Response and Impact Assessment
The Company is currently reviewing the Show Cause Notice and evaluating appropriate legal recourse.
Based on their initial assessment, the Company is hopeful of a favourable outcome and therefore does not expect to have any material impact on the financials or operations of the Company.
Compliance Reference
Not Specified Sections
No material disclosures under the following sections: Financial Results, Dividend Declaration, KMP/Board Changes, Board Meeting Outcomes, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational Disclosures.