Sri Lotus Developers received a GST show cause notice dated April 28, 2026, for FY 2020-21, 2021-22, and 2023-24, alleging total liability of ₹3.8 crore.
The notice from Maharashtra State Tax authorities demands tax, interest, and penalty for alleged violations under CGST and MGST Acts.
The company has already paid the tax component of ₹3.66 crore under protest and denies any violation of GST provisions.
This disclosure is made pursuant to SEBI Listing Regulations regarding material events affecting the merged entity Veer Savarkar Projects.