Timex Group India received a GST scrutiny notice for FY 2022-23 from Baddi tax authorities on May 11, 2026.
The notice identifies two discrepancies: ₹22.98 lakh outward tax liability mismatch and ₹43.32 lakh excess input tax credit.
Potential financial impact includes interest and penalties on both amounts, totaling approximately ₹66.30 lakh.
The company is preparing a response with legal counsel and filed this SEBI Regulation 30 disclosure.