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Eureka Forbes Ltd · 543482
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Eureka Forbes Ltd has received a favorable Rectification Order from the Uttar Pradesh 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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Eureka Forbes Ltd - 543482 - Intimation Under Regulation 30 Of SEBI Listing Regulations - Update On Receipt Of Show Cause Notice From Uttar Pradesh GST Authorities
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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.