NSE/BSE Codes: BSE: 500710, NSE: JSWDULUX
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure under SEBI LODR Regulation 30 regarding receipt of GST show cause notice and pending litigation that may impact the listed entity.
Involved Parties / Authorities:
- Karnataka GST Department
- Assistant Commissioner, Bengaluru, Karnataka GST Department
Date / Timeline of Event:
- Notice received on: August 5, 2026 at 3:30 pm
- Disclosure filed on: August 5, 2026
- Period under scrutiny: April 2020 to March 2021
Brief Description of Outcome / Dispute:
The company received a show cause notice under Section 74 of CGST Act/Rules, 2017 as part of GST scrutiny proceedings. The notice proposes disallowance of Input Tax Credit for the period from April 2020 to March 2021.
Impact of Outcome:
Financial Impact:
Total potential financial implication: ₹118,33,32,869 (One Hundred Eighteen Crore Thirty-Three Lakh Thirty-Two Thousand Eight Hundred Sixty-Nine Rupees)
Breakdown of financial implications:
- Tax component: ₹40,08,66,201 (Forty Crore Eight Lakh Sixty-Six Thousand Two Hundred One Rupees)
- Interest component: ₹38,17,70,313 (Thirty-Eight Crore Seventeen Lakh Seventy Thousand Three Hundred Thirteen Rupees)
- Penalty component: ₹40,06,96,355 (Forty Crore Six Lakh Ninety-Six Thousand Three Hundred Fifty-Five Rupees)
The notice represents a potential liability that may affect the company's financial statements if upheld.
Operational / Business / Strategic Impact:
No material disclosures regarding operational, business, or strategic impact in this section.
Other Implications:
No material disclosures regarding other implications in this section.
Next Steps / Required Actions:
The company is in the process of preparing and submitting a response to the show cause notice within the stipulated time mentioned in the notice. The matter is open for further submissions before the relevant authorities.