Indo Euro Indchem Receives ₹73.4L GST Demand Order

Indo Euro Indchem received a GST demand order dated March 13, 2026, from the Assistant Commissioner of Central GST & Central Excise, Mumbai.
The order alleges fraudulent Input Tax Credit (ITC) availment of ₹10.69 lakh and imposes a penalty of ₹62.71 lakh for fake invoices.
The company is contesting the order by filing a response and pursuing legal remedies, citing the financial impact as a contingent liability.
This disclosure is made under SEBI LODR Regulation 30, confirming no operational impact from the order.