NSE/BSE Codes: NSE: IGCL, BSE: 544432

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure pursuant to SEBI LODR Regulation 30 regarding favorable court order in GST refund litigation matter.

Involved Parties / Authorities:

  • Hon'ble High Court of Punjab and Haryana at Chandigarh
  • Commissioner, Central GST Commissionerate, Rohtak
  • Indogulf Cropsciences Limited

Date / Timeline of Event:

  • Order-In-Original No. 190/GST/JC/VB/RTH/2025-26 dated: December 30, 2025
  • Show cause notice dated: May 9, 2026
  • High Court order date: August 14, 2026
  • Date of receipt of order: August 20, 2026 at 5:15 PM IST
  • Disclosure filing date: August 21, 2026

Brief Description of Outcome / Dispute:

The High Court passed a final order in the writ petition filed by the company against the Order-In-Original and show cause notice issued under Section 74 of Haryana Goods and Services Tax Act, 2017. The GST department had demanded recovery of refund of ₹6,93,12,901 (IGST) along with interest of ₹1,54,58,004. The High Court decided the matter in favor of the company, squashing and setting aside the impugned show cause notice and the impugned order in original.

Impact of Outcome:

Financial Impact:
  • The company will receive refund of ₹6,56,07,859 (voluntarily deposited IGST amount)
  • The company will receive refund of ₹1,54,58,004 (voluntarily deposited interest amount)
  • Total refund amount: ₹8,10,65,863
  • No financial penalty or additional liability
Operational / Business / Strategic Impact:
  • Resolution of GST litigation matter removes regulatory uncertainty
  • No operational disruption or business impact mentioned
  • Positive outcome for company's tax compliance standing
Other Implications:
  • Favorable court decision strengthens company's position in tax matters
  • Sets precedent for similar GST refund cases

Next Steps / Required Actions:

  • The GST department will refund the voluntarily deposited amounts (₹6.56 crore IGST + ₹1.55 crore interest) in due course
  • No further compliance actions required as the matter has been resolved by the High Court