23-Sept-2026 17:27:26
SHRIRAM FINANCE: INTIMATES SEBI ON GST PENALTIES
• Company received orders dated September 16, 2026, from the Additional Commissioner of Central GST & C. Ex, Navi Mumbai, levying penalties for FY 2020-21, FY 2021-22, and FY 2022-23. • Penalties imposed under Section 74 of CGST Act, 2017, read with corresponding provisions of MGST Act, 2017 and IGST Act, 2017. • Total penalties include Rs.46,81,440/- + Rs.13,50,434/- for FY 2020-21; Rs.93,64,842/- + Rs.90,26,090/- for FY 2021-22; and Rs.1,75,32,162/- + Rs.1,39,41,580/- for FY 2022-23. • Penalties are in respect of show cause cum demand orders against erstwhile Shriram City Union Finance Limited. • The company states there is no material impact on financial, operation or other activities. • The company is awaiting opinion from its tax consultant against the demand orders.
Shriram Finance Ltd
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