28-Sept-2026 18:17:19
EUREKAFORBES : CONTESTS GST SHOW CAUSE NOTICE FOR RS 273.40 CRORE
• Company in receipt of Show Cause Notice (SCN) dated September 25, 2026 from Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh for FY 2022-23. • SCN alleges tax liability of ₹149.21 crore along with interest of ₹109.27 crore and penalty of ₹14.92 crore, aggregating to ₹273.40 crore. • The company views the SCN as devoid of merits and not sustainable on facts or in law or in procedure, and intends to contest it comprehensively. • The company does not envisage any material impact on its financials, operations or other activities arising from this SCN. • Notice received after office hours on Friday, September 25, 2026, disclosure made on first working day, September 28, 2026. Impact: Neutral (Contesting the show cause notice and does not envisage material financial impact)
Eureka Forbes Ltd
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