NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company1d ago · 1 Oct 2026, 07:51 pm

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

Eureka Forbes Limited · EUREKAFORB

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Eureka Forbes Limited has received a favorable Rectification Order from the GST authorities, reducing the alleged liability from Rs. 273.40 Crore to Rs. 4.50 Crore. The company intends to contest the rectified SCN comprehensively within the prescribed timelines and does not foresee any material impact on its financials, operations, or other activities.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Eureka Forbes Limited has informed the Exchange about Update on receipt of Show Cause Notice from Uttar Pradesh GST Authorities

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SHILPAJAIN_01102026195027_Regulation_30_rectified_SCN_Final_signed.pdf

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October 01, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 543482 Scrip ID: EUREKAFORB Symbol: EUREKAFORB Ref.: EFL/BSE/2026-27/41 Ref.: EFL/NSE/2026-27/41 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) – Update on receipt of Show Cause Notice from Uttar Pradesh GST Authorities Dear Sir / Ma’am, In continuation of our earlier letter bearing reference number EFL/BSE/2026-27/40 and EFL/NSE/2026-27/40 dated September 28, 2026 regarding the Show Cause Notice (“SCN”) issued under Section 73(1) of Uttar Pradesh Goods and Services Tax Act, 2017 from the office of Deputy Commissioner, State Tax, Sector-1, Lucknow, Uttar Pradesh for the financial year 2022-23, we wish to inform you that the Company has now received a favorable Rectification Order from the GST authorities under the provisions of Section 161 of Uttar Pradesh Goods and Services Tax Act, 2017 whereby the aggregate amount of the alleged liability has been reduced from Rs. 273.40 Crore to Rs. 4.50 Crore. The Company still maintains the considered view that the rectified SCN is also devoid of merits, not sustainable on facts or in law or in procedure and intends to contest the same comprehensively within the prescribed timelines. The Company does not envisage any material impact on the financials, operations or other activities of the Company arising from this rectified SCN as well. The information required in terms of Regulation 30 read with Clause 8 of Para B of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 and Industry Standards on Regulation 30 of the SEBI Listing Regulations are enclosed as ‘Annexure-I’. Kindly take the same on record. Thanking you, Yours Truly, For Eureka Forbes Limited Shilpa Jain Company Secretary & Compliance Officer Particulars Details 1 Type of communication received Receipt of a Rectification Order under Section 161 of Uttar Pradesh Goods and Services Tax Act, 2017. 2 Date of receipt of communication October 01, 2026 3 Name of the Authority State Tax Department, Uttar Pradesh Office of the Deputy Commissioner, State Tax, Sector-1, Lucknow 4 Brief details of litigation/ dispute viz. The Office of Deputy Commissioner, State Tax, name(s) of the opposing party, court/ Sector-1, Lucknow, Uttar Pradesh has rectified tribunal/agency where litigation is filed, its earlier SCN dated September 25, 2026 (i.e. brief details of dispute/litigation Tax liability of Rs. 149.21 Crore along with interest of Rs.109.27 Crore and penalty of Rs. 14.92 Crore aggregating to Rs. 273.40 Crore), under Section 161 of Uttar Pradesh Goods and Services Tax Act, 2017 for the financial year 2022-23 revising and reducing the liability of Tax to Rs. 3.19 Crore along with interest of Rs. 0.99 Crore and penalty of Rs. 0.32 Crore aggregating to Rs. 4.50 Crore. The Company still maintains the considered view that the rectified SCN is also devoid of merits, not sustainable on facts or in law or in procedure and intends to contest the same comprehensively within the prescribed timelines. 5 Expected financial implications, if any, due The Company does not envisage any material to compensation, penalty etc. impact on the financials, operations or other activities of the Company at this stage. 6 Quantum of claims, if any As prescribed in Sr. No. 4 above.