This is a regulatory disclosure submitted to the National Stock Exchange of India Limited and BSE Limited. It is a continuation of an earlier intimation (No: IRFC/SE/2026-27/37) dated 24th August, 2026, made pursuant to Regulation 30 and Para B of Part A of Schedule III of the SEBI LODR Regulations, 2015, and SEBI Circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The disclosure provides an update on a proceeding against the company. The Assistant Commissioner of State Tax, Delhi Zonal Unit (the GST Authority), which was the issuing authority for a show cause notice (SCN), has passed an order dated 23.10.2026. The order is for a Nil demand, meaning no tax or penalty was levied. Consequently, the earlier SCN, which amounted to ₹549.32 crores, has been dropped in its entirety.
The disclosure confirms the matter is now closed with no financial impact on the company. The sections for litigation against key management personnel and settlement details were marked as 'Not Applicable'.
The document was signed by Vijay Babulal Shirode, Company Secretary & Compliance Officer, on October 23, 2026.