Date: October 05, 2026
Other Operational / Legal / Strategic Disclosures
Litigation Update: Haryana State Tax Notice
a) Brief details of litigation:
- Opposing Party: The Proper Office (State Tax)-cum-Excise & Taxation Office, HGST Department, Jagadhri, Haryana.
- Court/Tribunal: The Hon'ble High Court of Punjab and Haryana at Chandigarh.
- Nature of Dispute: The dispute is regarding a notice dated September 5, 2023, concerning the "ineligibility of input tax credit amounting to Rs.1.86 Crores claimed and utilized by the Company."
- Company's Action: The Company had filed Civil Writ Petition No. 21801-2023 against this notice.
b) Change in status / development in proceedings:
- The Hon'ble High Court of Punjab and Haryana at Chandigarh has disposed of the writ petition (CWP No. 21801 of 2023) along with connected matters, vide its judgment dated October 01, 2026.
- Court's Directions:
- As the proceedings are at the show cause notice stage, the Company has been granted liberty to file a reply or a supplementary reply, along with supporting materials, within a period of eight weeks from the judgment date to the tax authorities.
- The Proper Officer is then required to decide the matter by passing a reasoned and speaking order after granting an opportunity of hearing to the Company.
- The Proper Officer must keep in view the guidelines laid down in the judgment.
- Company's Next Step: The Company shall file its reply within the stipulated period of eight weeks.
c) Litigation against key management personnel:
Not applicable.
d) Settlement of proceedings:
Not applicable.
No material disclosures under the following sections:
KMP / Board / Auditor Changes, Dividend Declaration or Non-Declaration, Board Meeting Outcomes, Financial Results, Auditor’s Report, Disinvestment / Strategic Actions, Media Release / Investor Communication.