This is a regulatory disclosure filed by HCL Infosystems Limited with the BSE and NSE under SEBI LODR Regulations.
The disclosure is a follow-up to a previous filing made on 17th October 2025, in which the company had informed about receiving a favorable order from the Hon'ble CESTAT, Allahabad. That order had set aside an Order-In-Original dated March 10th, 2021, issued by the office of the Principal Commissioner, Central Goods & Services Tax Commissionerate, Noida. The original order had imposed a demand of ₹312.34 Crores plus interest and an equivalent penalty under rule 14 of the CENVAT Credit Rules, 2004 read with the proviso to Section 73(1) of the Finance Act, 1994.
The current disclosure intimates that the Principal Commissioner, Central Goods and Services Tax, Noida (the Department) has now preferred an appeal before the Hon'ble Allahabad High Court against the favorable CESTAT order. The appeal was filed and the intimation was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of SEBI LODR Regulations, 2015.
Current Status and Impact
- The matter is presently at the stage of admission before the Hon'ble High Court.
- No interim order has been passed by the Hon'ble High Court that affects the favorable order passed by CESTAT.
- The company has stated its belief that it "has a strong case on merits" and shall continue to take all necessary legal steps to defend the matter.
- As per the annexure, dated July 06, 2026, there are no violations or contraventions alleged against the company in these proceedings.
- The financial impact is stated as: "Accordingly, there is presently no additional financial impact on the Company on account of the said proceedings."
The disclosure was signed by Twinkle Monga, Company Secretary and Compliance Officer (Membership No: A-54882), on behalf of HCL Infosystems Limited.