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

✦ AI Summary▲ PositiveLitigation

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.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Sapphire Foods India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Attachments (1)

📄

SAPPHIRE_26062026201037_UpdateofGSTLitigation26062026.pdf

pdf

Download →
View document text
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