Date: October 23, 2026
Regulatory & Legal Disclosure
Nature of Action
Sobha Limited has received an order from the Commissioner (Appeals) of Central Tax, Central Excise and Revenue, Kochi. The order was issued under section 107 of the CGST Act. It pertains to a GST Appeal filed by the Assistant Commissioner, Central Tax & Central Excise, Thrissur, against an earlier order issued by an Adjudicating Authority that was in Sobha Limited's favour.
Details of the Order
The core issue in the order relates to "valuation in case of supply of capital goods to distinct persons."
Financial Implications
The order specifies the following financial dues:
- Tax Amount: ₹297.59 million
- Plus: Applicable Interest
- Plus: Applicable Penalty
The due date for payment is 90 days from the receipt of the order (October 23, 2026).
Company's Response and Impact Assessment
The company is in the process of filing an appeal before the Goods and Services Tax Appellate Tribunal (GSTAT) against this order within the prescribed timelines. Sobha Limited states it has "legal and factual grounds to substantiate its case." The company is currently evaluating the implications of this order on its financial statements. The disclosure explicitly states: "There is no impact on operations or other activities."
Basis for Disclosure
This announcement is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically referencing sub-para 20, Para A, Part A, Schedule III, and SEBI circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.