NSE/BSE Codes: NSE: SKIPPER, BSE: 538562
Summary of Key Information:
Nature of Event / Disclosure:
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a rectified Goods and Services Tax (GST) show cause notice.
Involved Parties / Authorities:
- Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha
- Skipper Limited
Date / Timeline of Event:
- 30th September 2026: Original Show Cause Notice (Ref. No. ZD210926037570H) issued proposing a demand of ₹227,53,28,966.
- 1st October 2026: Company received and intimated about the original notice.
- 1st October 2026: Rectification Show Cause Notice (No. MA211026001510Z) issued, reducing the demand.
- 3rd October 2026: This disclosure filed with the exchanges.
Brief Description of Outcome / Dispute:
The Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, rectified the original GST demand from ₹227,53,28,966 to ₹40,95,59,214. The dispute concerns a alleged mismatch in GSTR 1, GSTR-2A, and GSTR-3B filings. The company contends the rectified demand is erroneous, not tenable, and has substantive grounds to contest it.
Impact of Outcome:
Financial Impact:
No material financial impact. The company states the demand does not represent an ascertained liability or an expected financial outflow. The company does not accept the liability proposed therein.
Operational / Business / Strategic Impact:
No material operational, business, or strategic impact disclosed. The company is in a position to contest the notice.
Other Implications:
No other implications regarding reputation, legal, regulatory, or market perception are disclosed.
Next Steps / Required Actions:
The company will contest the rectified show cause notice. No specific deadlines for a response are mentioned in the disclosure.