Nature of the Event

This is a regulatory disclosure intimation submitted by Om Galaxy Limited (Scrip Code: 544922) to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns an inspection and search conducted by GST authorities at the company's facilities.

Key Quantitative Figures and Dates

  • Inspection Period: October 06, 2026 to October 12, 2026 (completed).
  • Financial Impact: The company voluntarily deposited ₹1.88 crore towards GST and interest for matters identified during the inspection. This amount relates to regular routine compliances for the current period and is subject to verification and reconciliation.
  • Location: Company's factories located at Vasai, Maharashtra.

Parties Involved

  • Authority: Maharashtra State Goods & Services Tax Department.
  • Company Representative: Priya Ashwini Gupta, Company Secretary & Compliance Officer, signed the disclosure on October 13, 2026.

Nature of Action and Details

The GST Department conducted inspection and search proceedings at the company's various locations in relation to GST matters. The authorities made observations related to certain procedural issues including regular on-going compliances under GST provisions. No interim order, show cause notice, or other order requiring specific action was received by the company.

Operational Impact and Company Response

The operations of the manufacturing units were not impacted and continued as usual during the inspection. The company fully cooperated with officials and is responding to all clarifications sought. The company is exploring the legal standing with GST consultants and cooperating with authorities. They will file necessary replies along with reconciliation in consultation with professional advisers.

Financial and Operational Impact Assessment

Except for the ₹1.88 crore deposit, there is no other material impact on the financials, business operations, or any other activities of the company due to the inspection/search proceedings as of the disclosure date.