This is a regulatory disclosure made by Regaal Resources Limited to the National Stock Exchange of India Ltd and BSE Limited. It is submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III, and in terms of the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The disclosure serves as an update to a previous communication dated January 02, 2026, which pertained to a Demand Order received by the Company from Goods and Service Tax (GST) Authorities.
Nature of the Event
The Company has received a Final Order dated 21st May 2026 from the Office of the Additional Commissioner of State Tax (Appeals) in Purnea, Bihar. This order is in response to an appeal filed by the Company against the earlier GST demand order.
Details of the Order
The Final Order, issued under Section 73 of the CGST/SGST Act, 2017, pertains to the period April 2021 to March 2022 (Financial Year 2021–22).
The Appellate Authority has fully set aside the entire demand against the Company. The quashed demand amounted to ₹2,17,33,500, which comprised the following components:
- Tax: ₹1,22,21,214
- Interest: ₹82,49,319
- Penalty: ₹12,62,967
Consequently, the Appellate Authority has quashed the entire demand, and no liability survives against the Company in respect of this matter.
Financial Impact
There is no financial impact on the Company. The disclosure explicitly states that no amount is payable by the Company pursuant to the said order.
Purpose of Disclosure
The disclosure is being made as a matter of abundant caution and transparency in compliance with SEBI listing regulations.
The letter is signed by Tinku Kumar Gupta, Company Secretary and Compliance Officer of Regaal Resources Limited.