NGL FINE-CHEM LIMITED: RECEIVES SHOW CAUSE NOTICE FROM GST DEPARTMENT

• The company has received a Show Cause Notice in Form GST DRC-01 from the Deputy Commissioner of State Tax. • The notice is dated September 22, 2026, alleging a total demand of ₹6.19 Cr, comprising tax, interest, and penalty. • The allegations relate to declared outward tax liability in Form GSTR-1 in excess of tax paid and availed input tax credit not reflected in GSTR-2A/2B for FY 2022-23. • The company has been given an opportunity for a personal hearing on October 22, 2026 and will file a detailed reply. • The company believes it has adequate grounds to substantiate its position and does not anticipate any material impact on its financial or operational activities. Impact: Neutral (Show cause notice received from GST department, company expects no material impact)

NGL Fine-Chem Limited

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