NSE/BSE Codes: NSE: VOLTAS, BSE: 500575
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory filing to intimate receipt of a Show Cause Notice from the Office of the Deputy Commissioner State Tax, Andheri East, Mumbai, Maharashtra under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Involved Parties / Authorities:
- Issuing Authority: Office of the Deputy Commissioner State Tax, Andheri East, Mumbai, Maharashtra
- Relevant Acts: Central Goods and Services Tax Act, 2017, Maharashtra Goods and Services Tax Act, 2017, and Integrated Goods and Service Tax Act, 2017
Date / Timeline of Event:
- Notice Date: 18th September, 2026
- Notice Received: After office hours on 18th September, 2026 (Friday)
- Disclosure Filed: 21st September, 2026 (Monday - first working day after receipt)
- Financial Year in Question: 2022-23
Brief Description of Outcome / Dispute:
The Show Cause Notice alleges wrongful availment of Input Tax Credit and short payment of tax for the financial year 2022-23. The notice enquires why:
- Tax amount of ₹15.43 crores should not be demanded
- Interest and penalty of ₹14.79 crores should not be imposed
- Total potential financial impact: ₹30.22 crores
Impact of Outcome:
Financial Impact:
The company explicitly states: "There is no material impact on the financials, operations or other activities of the Company due to this Notice."
Operational / Business / Strategic Impact:
No material operational or business impact disclosed. The company is evaluating the matter and will submit its reply within the prescribed time period.
Other Implications:
No reputational, legal, regulatory, or market perception effects explicitly stated in the document.
Next Steps / Required Actions:
- The company is evaluating the matter
- Will submit a reply to the notice within the prescribed time period