Shahlon Silk GST Show Cause Notice ₹5.50 Cr

Shahlon Silk Industries received a GST Show Cause Notice (Form DRC-01) under Section 122 of CGST Act, 2017.
Notice alleges passing of ineligible Input Tax Credit (ITC) for FY 2023-24 and FY 2024-25, with total proposed penalty of ₹5.50 crore.
Company states nil impact on financial and operational activities and is preparing a reply to the notice.
Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015 on March 26, 2026.