Date: September 17, 2026
Litigation / Regulatory Update
Brief Details of Litigation
Opposing Party: The Commissioner of GST and Central Excise, Audit II Commissionerate, Chennai.
Adjudicating Authority: Principal Commissioner (Appeals-II).
Nature of Dispute: The dispute pertains to a Show Cause Notice (SCN) dated August 22, 2022, concerning an alleged excess availment of Input Tax Credit (ITC) due to differences between GSTR 3B and GSTR 2A filings, along with certain other matters.
Details of Change in Status / Development
Original Order (December 29, 2023): The Additional Commissioner of Central Excise confirmed a total demand of ₹4,06,27,815 along with applicable interest and a penalty of ₹51,87,434.
Appellate Order (September 9, 2026): The Principal Commissioner (Appeals-II) adjudicated the company's appeal against the original order. The order was received by the company on September 17, 2026.
Outcome: The appellate authority partially allowed the appeal. Out of the original total demand of ₹4,06,27,815 and penalty of ₹51,87,434, it confirmed a reduced demand of ₹3,53,29,906 along with a reduced penalty of ₹46,57,573. Applicable interest on the confirmed demand is also upheld.
Company's Stance and Next Steps: The company states it intends to file a further appeal against this order and is currently taking legal advice.
Financial Impact Assessment: The company explicitly states that there is "no material impact on financials, operations or other activities of the Company due to the Order."
Other Sections
KMP / Board / Auditor Changes: Not Specified
Dividend Declaration or Non-Declaration: Not Specified
Board Meeting Outcomes: Not Specified
Financial Results: Not Specified
Auditor’s Report: Not Specified
Disinvestment / Strategic Actions: Not Specified
Media Release / Investor Communication: Not Specified