Nucleus Software Receives ₹47 Lakh GST Demand Order

Date: July 28, 2026

GST Appellate Order Details:

Nature of Order: The Commissioner Grade-II Appeal, Gautambudha Nagar, Uttar Pradesh (GST Appellate Officer) passed an order against the Company for the Financial Year 2018-19.
Financial Demand: A GST demand of INR 47,02,500/- (Indian Rupees Forty Seven Lakh Two Thousand Five Hundred Only) has been raised. This amount is comprised of:
Interest: INR 22,27,500/-
Penalty: INR 2,25,000/-
Reason for Demand: The demand was raised on account of tax reversals for some credit notes which were not appearing in the GST portal.
Date of Receipt: The order was received by the company on July 27, 2026.

Company's Stance and Impact:

The company has stated that, based on its assessment, it believes the order is "not maintainable."
The company is in the process of preferring an appeal against the said order.
The company has explicitly stated that the order has "no material impact on the financials, operations or other activities of the Company."
The impact is quantifiable in monetary terms as the demand amount (INR 47,02,500), but the company asserts this will not affect its activities.

Regulatory Compliance:

It also complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

KMP / Board / Auditor Changes: Not Specified

Dividend Declaration or Non-Declaration: Not Specified

Board Meeting Outcomes: Not Specified

Financial Results: Not Specified

Auditor’s Report: Not Specified

Disinvestment / Strategic Actions: Not Specified

Media Release / Investor Communication: Not Specified