The Waterbase Limited has submitted a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/CIR/2023/123 dated July 13, 2023.
Authority Details
- Name of Authority: Deputy Commissioner (ST), Nellore — Department of State Taxes
- Nature of Order: Intimation of tax ascertained as being payable under Section 73 of the APGST, CGST AND IGST Acts, 2017
- Date of Receipt: The notice came to the company's knowledge on October 24, 2026
Violation Details
The orders relate to re-classification of certain products for financial years 2022-23 and 2023-24:
For FY 2022-23:
- Tax liability: ₹1,63,04,472
- Applicable interest: ₹1,02,83,878
- Penalty: ₹16,30,447
- Total demand: ₹2,82,18,797
For FY 2023-24:
- Tax liability: ₹1,36,41,562
- Applicable interest: ₹61,28,611
- Penalty: ₹13,64,156
- Total demand: ₹2,11,34,329
Combined total demand across both years: ₹4,93,53,126
Impact Assessment
The company states there is no material impact on financials, operations, or other activities due to these tax payable intimations.
Next Steps
The orders are currently appealable, and the company will file appeals before the respective authorities.