Mangalore Refinery and Petrochemicals Limited Disclosure
Nature of Disclosure: Regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, regarding receipt of communication from regulatory authority.
Key Details:
- Authority: Additional Commissioner of Customs (Import), Andheri (E), Mumbai
- Order Number: CAO/ADC/HS/211/2026-27/ACC
- Date of Receipt: 07 November 2026 at 10:00 A.M.
Material Contents:
The matter relates to erstwhile ONGC Mangalore Petrochemicals Limited (OMPL) who had imported some material during 2021. The Department has raised a demand order citing reason as wrong classification of the product.
Financial Implications:
- Demand Amount: ₹1,39,871/- (One Lakh Thirty-Nine Thousand Eight Hundred Seventy-One Rupees)
- Additional Charges: Applicable interest with penalty
- Period Applicable: Year 2021
Non-Compliance Identified: Wrong classification of imported product
Penalty/Sanction Details: Penalty imposed on tariff classification while importing the product. No restriction or sanction imposed.
Company Action: Considering challenging the Order after depositing the money.
Regulatory Reference: Disclosure made pursuant to SEBI Listing Regulations read with SEBI Circular dated February 25, 2025.