NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company26 Jun 2026 · 26 Jun 2026, 08:16 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Sapphire Foods India Limited · SAPPHIRE
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Sapphire Foods India Limited has received a favourable order from the Assistant Commissioner against show cause notices amounting to INR 977.06 million under Section 73 of the Tamil Nadu SGST Act 2017.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
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Sapphire Foods India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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Date 26 June 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers,
Complex, Bandra (E), Mumbai – 400051 Dalal Street, Mumbai – 400001
Symbol: SAPPHIRE Scrip Code: 543397
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
This is in furtherance to our intimation letter dated 27 May 2026, whereby the Company had
informed about receipt of show cause notice amounting to INR 977.06 million under Section 73
of Tamil Nadu SGST Act 2017 vide DRC-01 for the period April 2022 to March 2023 and April
2023 to March 2024.
In this regard, the Assistant Commissioner, Koyambedu, vide Order dated 23 June 2026* and
26 June 2026 respectively, has passed an order in favour of the Company. The details as required
under Regulation 30 of SEBI (LODR) Regulations, 2015 are provided below:
Particulars Description
The details of any change in the status and / Company has received favourable order
or any development in relation to such issued by Assistant Commissioner against the
proceedings show cause notices cumulatively amounting
to INR. 977.06 million under Section 73 of
TGST Act 2017 vide DRC-01 for the period
April 2022 to March 2023 and April 2023 to
March 2024. Assistant Commissioner
(Appeals) held that the company has no
excessive input tax credit availment and has
correctly availed eligible input tax credit.
Accordingly, the demand of INR 977.06
million stands dismissed.
In the case of litigation against key Not applicable
management personnel or its promoter or
ultimate person in control, regularly provide
details of any change in the status and / or any
development in relation to such proceedings
Sapphire Foods India Limited +91 022 67522300
CIN: L55204HR2009PLC145722 info@sapphirefoods.in
www.sapphirefoods.in
Registered Office: SCO 328, Sector - 9, Panchkula -134109, Haryana
Corporate Office: 702, Prism Tower, A-Wing, Mindspace, Link Road, Goregaon (W), Mumbai- 400062
In the event of settlement of the proceedings, Not applicable
details of such settlement including - terms of
the settlement, compensation/ penalty paid
(if any) and impact of such settlement on the
financial position of the listed entity.
*Order from authority for the period April 2022 to March 2023 amounting to INR 2.06 million was received
by the Company on 23rd June 2026, but the amount involved was below the threshold limit as prescribed for
disclosure under the SEBI LODR Regulations.
Request you to kindly take the same on record.
For Sapphire Foods India Limited
T hanking you,
Sachin Dudam
Company Secretary & Compliance Officer