NSE/BSE Codes: Symbol: JUBLCPL, Scrip Code: 544355
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure under SEBI Listing Regulation 30 regarding receipt of Show Cause Notice from GST Department proposing GST demand of ₹5,09,04,134.
Involved Parties / Authorities:
- Principal Commissioner – Central GST (Audit) Commissionerate, Ludhiana
- GST Department
Date / Timeline of Event:
- Notice received via email on August 18, 2026 at 19:25 IST
- Company intimation dated August 19, 2026
- Period under scrutiny: Financial Years 2020-21 to 2023-24
Brief Description of Outcome / Dispute:
The Show Cause Notice in Form GST DRC-01 alleges demand of 18% GST amounting to ₹5,09,04,134 on the amount reported in a memorandum GL named "Invoices to be Sent" during FY 2020-2021 to FY 2023-24. The GST authority presumed this represents turnover of ₹28,28,00,000 (₹2828.00 lakhs) on which tax has not been paid or invoices were not issued at the time of supply.
Impact of Outcome:
Financial Impact:
The Company explicitly states it does not anticipate any financial implications from this notice. No penalty or restriction has been imposed pursuant to the communication.
Operational / Business / Strategic Impact:
The Company maintains it has a very strong case to defend as the SCN is incorrect and based on wrong understanding of facts. The Company will file a detailed reply on merits contesting the GST demand, interest and penalty before the adjudicating authority within prescribed timelines.
Other Implications:
No material disclosures regarding reputational, legal, regulatory, or market perception effects.
Next Steps / Required Actions:
The Company is in the process of filing a detailed reply within the prescribed timelines set out in the SCN. The reply will contest the GST demand on merits before the adjudicating authority.