NSE/BSE Codes: NSE Symbol: skipper, BSE Scrip Code: 538562
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure under Regulation 30 of SEBI Listing Regulations regarding receipt of a GST show cause notice.
Involved Parties / Authorities:
- Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha
- Skipper Limited (the Company)
Date / Timeline of Event:
- Show cause notice reference no.: ZD210926037570H
- Notice date: 30th September, 2026
- Disclosure date to exchanges: 1st October, 2026
Brief Description of Outcome / Dispute:
The Assistant Commissioner Office of State Tax (GST) Bhubneshwar II issued a show cause notice under Section 73 of CGST/OGST Act, 2017 proposing a demand of ₹2,27,53,28,966 (Two Hundred Twenty Seven Crore Fifty Three Lakh Twenty Eight Thousand Nine Hundred Sixty Six Only) against the Company. The notice relates to alleged mismatches in GSTR 1, GSTR-2A and GSTR-3B filings.
Impact of Outcome:
Financial Impact:
The Company states that the proposed demand of ₹227.53 crore does not represent an ascertained liability or any expected financial outflow. The company strongly disputes the demand and believes it has substantive grounds to contest it. No provision has been made in the financial statements for this amount.
Operational / Business / Strategic Impact:
The Company states there is no material impact on financial position, operations or other activities of the Company on account of this notice. Business operations continue normally without disruption.
Other Implications:
The Company maintains that the notice is based on erroneous findings and incorrect appreciation of facts and applicable provisions of law.
Next Steps / Required Actions:
The Company will take all appropriate legal remedies against the said demand. The matter is at show cause notice stage and the company will respond to contest the allegations.