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.
Analysis Scores
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 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