Key Details of the Demand Notice
- Date of Receipt: July 08, 2026 (received via speed post)
- Issuing Authority: Deputy Collector, Stamp Duty Valuation Organization, Division-2, Ahmedabad
- Governing Legislation: Gujarat Stamp Act, 1958, specifically Section 68(2) and other applicable provisions.
- Reason for Demand: Alleged shortfall in stamp duty payment concerning a lease deed executed by the company.
Financial Details of the Demand
The total demand amount is ₹19,94,930/- (Nineteen Lakh Ninety-Four Thousand Nine Hundred Thirty Rupees). This amount is broken down as follows:
- Alleged Stamp Duty Deficit: ₹2,84,990/-
- Fines and Penalty: ₹17,09,940/-
Company's Response and Impact Assessment
- The company is examining the order in consultation with its legal advisors.
- The company is evaluating the appropriate legal remedies available under the law.
- The disclosure explicitly states that the financial impact is limited to the demand amount of ₹19,94,930/-.
- The company has committed to providing updates on the matter in due course.