JYOTI CNC AUTOMATION LIMITED
Nature of the Disclosure
This is a regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It provides an update on a previously disclosed litigation matter concerning a GST demand.
Key Quantitative Figures
The litigation involved a total GST demand of ₹4,45,59,720 (₹4.46 crore).
Dates of Action
- The company's initial intimation regarding this matter was filed on November 18, 2025.
- The favorable appellate order was passed on May 29, 2026.
- This disclosure intimating the outcome was made on May 31, 2026.
Parties or Entities Involved
- Appellant: Jyoti CNC Automation Limited
- Original Adjudicating Authority: Additional Commissioner, Central GST Commissionerate, Rajkot
- Appellate Authority: Commissioner (Appeal), Central GST & Excise, Rajkot
Development of Dispute / Litigation
The company had filed an appeal against an order (referred to as the "Alleged Order") passed by the Additional Commissioner, Central GST, Rajkot, which had created a demand of ₹4.45 crore.
The Commissioner (Appeal), Central GST & Excise, Rajkot, has passed an order that sets aside the aforementioned Alleged Order and the demand made under it.
Financial or Operational Impact
- The entire demand of ₹4.45 crore has been dropped.
- The company is now eligible to receive a refund of the amount it had previously paid under protest against this demand.
- The disclosure states there are no expected financial implications due to compensation or penalty, and the quantum of claims is not applicable, as the matter has been resolved in the company's favor.