01-Sept-2026 11:45:39

EVEREST INDUSTRIES LIMITED : RECEIPT OF SHOW CAUSE NOTICE FROM GST DEPARTMENT

• The company has received a show cause notice (DRC 01) from the Deputy Commissioner of State Tax, CT & GST Circle, Balasore, Odisha. • The notice relates to the financial year 2020-21 and raises concerns regarding CGST & SGST liabilities, credit notes, input tax credit, and RCM transactions. • The total demand raised is ₹3,89,21,097/-, comprising tax, interest, and penalty. • The company believes it has strong legal and factual grounds to defend its case and does not anticipate a material financial impact. • Everest Industries is preparing a response to the notice. Impact: Neutral (Procedural notice received; company confident of no material financial impact.)

Everest Industries Limited

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