Summary of Key Information:
Target Company: Megastar Foods Limited
Stock Exchange Listings:
NSE Scrip Code: 541352
BSE Scrip Code: Not explicitly stated in disclosure
Nature of Transaction / Event: Regulatory disclosure regarding GST legal proceedings and intent to file appeal
Date of Transaction: 01.09.2026 (Disclosure date)
Details of Legal Proceedings:
- Order-in-Appeal No. LUD-GST-001-APP-COMM-439-444/2026 dated August 31, 2026
- Passed by Commissioner (Appeals), CGST Appeals Commissionerate, Ludhiana
- Original demand of ₹1,82,82,724 reduced to ₹1,74,12,117 after cum-tax benefit
- Department's appeal against dropping of demand of ₹6,22,93,620 was rejected on limitation and merits
- Company proposes to file appeal before GST Appellate Tribunal against the demand of ₹1,74,12,117
Regulatory Context:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- References previous disclosures dated January 28, 2025, April 18, 2025, and June 29, 2026
- References SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Financial Impact Assessment:
- There is no immediate financial or operational impact on the Company
- The financial and operational impact can be assessed only after the passing of order by GST Appellate Tribunal
Company Representative:
HARSH SHARMA, Company Secretary & Compliance Officer (Membership No: A73413)
Analyst Notes:
This is a factual disclosure of ongoing GST litigation and the company's intent to pursue further legal recourse. The disclosure follows SEBI LODR requirements and provides transparency about material legal proceedings affecting the company.