NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company17h ago · 25 Sept 2026, 06:14 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Sunteck Realty Limited · SUNTECK

✦ AI SummaryLitigation

Sunteck Realty Limited has received a show cause notice (SCN) from the Goods and Services Tax (GST) department for a tax liability of Rs. 59,43,79,402 for the financial year 2022-23 related to the procurement of Transferable Development Rights (TDR) from the open market. The company believes the SCN has no merits and will defend its case.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk4/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Sunteck Realty Limited has informed the Exchange about intimation under Regulation 30 of the SEBI Listing Regulations.

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SUNTECK_25092026181329_SRLsigned.pdf

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Sunteck Realty Ltd. Date: 25th September, 2026 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Tower, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai- 400 051 Mumbai – 400 001 Symbol: SUNTECK Scrip Code: 512179 Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/ Madam, In terms of SEBI Master Circular dated 30th January, 2026 under para 8 of Para B of Part A of Schedule III of SEBI Listing Regulations the information required to be disclosed to the Stock Exchanges is annexed as Annexure – 1 regarding receipt of Form GST DRC-01 i.e. demand/ show cause notice (SCN) from the Office of Goods and Services Tax on 24th September 2026. Since it is Form GST DRC-01 under section 73 at this stage and the Company firmly believes that the SCN has no merits and Company shall be taking all necessary actions to present and defend its case before the adjudicating authorities and address the demand, there is no expected material financial impact. The Company was studying the SCN and evaluating its compliance obligations and hence, this disclosure is being made as on the even date. You are requested to kindly take the above on record. Thanking You. For Sunteck Realty Limited Rachana Hingarajia Company Secretary ACS No. 23202 Encl: A/a 5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai 400057. Tel: +91 22 4287 7800 Fax: +91 22 4287 7890 Website: www.sunteckindia.com CIN: L32100MH1981PLC025346 Email ID: cosec@sunteckindia.com Sunteck Realty Ltd. Annexure 1 Particulars Details Brief details of litigation viz. Sunteck Realty Limited (“the Company”) has name(s) of the opposing received a SCN under section 73 of GST Act from party, court/ tribunal/ agency Department of Goods and Service Tax for the where litigation is filed, brief Financial Year 2022-23 for tax liability on details of dispute/litigation. procurement of Transferable Development Rights (TDR) from open market, which was originally granted by Local Bodies, aggregating to Rs. 59,43,79,402/- (including amount of interest and penalty). Expected financial The Company firmly believes that the SCN has no implications, if any, due to merits as no GST is applicable on such transactions. compensation, penalty etc./ The said transaction is neither a supply of goods nor Quantum of claims, if any a supply of services and accordingly, such transaction is out of the scope of GST. Hence, the Company will file a reply to the SCN before the Office of the Deputy Commissioner of State Tax, Mazgaon, Mumbai, disputing the demand raised under the said notice. Also, the notice is incorrect as it is considering the amount two times of the actual amount. Additionally, the notice has been raised where a detailed comprehensive audit is already concluded by the tax authorities for the said financial year. There is no impact on financial, operational or other activities of the Company, arising from the said SCN. 5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai 400057. Tel: +91 22 4287 7800 Fax: +91 22 4287 7890 Website: www.sunteckindia.com CIN: L32100MH1981PLC025346 Email ID: cosec@sunteckindia.com