BSECompany Update1d ago · 2 Oct 2026, 09:09 am
Please find enclosed.
Skipper Ltd · 538562
✦ AI Summary▼ NegativeRegulatory
Skipper Ltd disclosed a rectified show cause notice from the Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, proposing a demand of Rs. 40,95,59,214.00/- against the Company in relation to the mismatch in GSTR 1, GSTR-2A and GSTR-3B.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment3/10
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Full Announcement
Skipper Ltd - 538562 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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SKPL/SECT/2026-27/88
Date: 2nd October, 2026
The Manager The Manager
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street
Plot No. C/1, G Block Mumbai-400 001
Bandra Kurla Complex, Bandra (E) (Scrip Code- 538562)
Mumbai - 400 051
(Symbol- skipper)
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Dear Sir/Madam
This is with reference to our intimation dated 1st October, 2026, wherein we had informed that the
Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, had issued a show cause
notice u/s 73 of CGST/OGST Act, 2017 vide ref. no. ZD210926037570H dated 30th September, 2026,
proposing a demand of Rs. 2,27,53,28,966/- against the Company in relation to the mismatch in GSTR 1,
GSTR-2A and GSTR-3B.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, (‘the Listing Regulations’) this is to inform that the demand proposed in the original Show Cause
Notice bearing Ref. No. ZD210926037570H dated September 30, 2026 has been rectified to amount Rs.
40,95,59,214.00/- by the Assistant Commissioner vide Rectification Show Cause Notice No.
MA211026001510Z dated October 1, 2026.
The Demand so proposed in the rectified SCN is erroneous as per the opinion of the company and is not
tenable and the Company has substantive grounds to contest the same.
The following details as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
30th January, 2026, are required to be disclosed under sub-para 8 of Para B of Part A of Schedule III of the
Listing Regulations:
Particulars Details
1. T he details of any change in the The Assistant Commissioner Office of The State Tax
status and / or any development in (GST) Bhubneshwar II, Odisha, vide its Rectification
r elation to such proceedings Show Cause Notice No. MA211026001510Z dated
October 1, 2026 (received by Company on 01.10.2026)
has rectified the demand proposed in the original Show
Cause Notice bearing Ref. No. ZD210926037570H dated
September 30, 2026. The Demand so proposed in the
rectified SCN is erroneous as per the opinion of the
company and is not tenable and the Company has
substantive grounds to contest the same. The Company
does not accept the liability proposed therein.
Accordingly, the demand does not represent an
ascertained liability or an expected financial outflow for
the Company.
2. I n 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
p roceedings
3. I n the event of settlement of the
proceedings, details of such
settlement including - terms of the
settlement, compensation/penalty Not Applicable
paid (if any) and impact of such
settlement on the financial position
of the listed entity.
This intimation will also be available on the website of the Company https://www.skipperlimited.com/.
We request you to take the above information on record.
Thanking you,
Yours faithfully,
For Skipper Limited
Anu Singh
Company Secretary & Compliance Officer