BSECompany Update5d ago · 15 Oct 2026, 05:45 pm

As per the attached letter

Afcons Infrastructure Ltd · 544280

✦ AI Summary▼ NegativeRegulatory

Afcons Infrastructure Ltd has received an order from the Commissioner (Appeals Thane), CGST & Central Excise, Thane Commissionerate, Maharashtra, confirming a tax demand of Rs 38.82 crore, interest, and penalty. The company intends to challenge the order and pursue further legal remedies.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment3/10

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Full Announcement

Afcons Infrastructure Ltd - 544280 - Announcement Under Regulation 30 (LODR)

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October 15, 2026 To To BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400 051. Scrip Code: 544280 Symbol: AFCONS Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is with reference to our intimation dated February 01, 2025 and February 03, 2025, disclosing the details of the GST Order (FY 2017-18 to FY 2018-19 (period from July 2017 to March 2019), Tax demand – Rs 38.82 crore, Interest as applicable and Penalty – Rs 38.82 crore) received from the Joint Commissioner, CGST & Central Excise, Thane Commissionerate, Maharashtra dated January 27, 2025 (“GST Order”). In continuation to the above, we wish to inform that the Company has received Order from the Commissioner (Appeals Thane), CGST & Central Excise, Thane Commissionerate, Maharashtra on October 14, 2026, confirming the total tax demand, Interest as applicable and penalty as mentioned in the aforesaid GST Order. The said Order is not expected to have any material adverse impact on the financials, operations or other activities of the Company. The Company intends to challenge the Order and shall pursue further legal remedies by filing an appeal before the GST Appellate Tribunal.(GSTAT) This is for your information and appropriate dissemination. Thanking you, Yours faithfully, For Afcons Infrastructure Limited Gaurang Parekh Company Secretary and Compliance Officer Membership No.: F8764 Afcons Infrastructure Limited Regd. Office: Afcons House, 16, Shah Industrial Estate, Veera Desai Road, Azad Nagar, Andheri(W), Mumbai - 400 053, India, Tel.: +91-22-6719 1000 www.afcons.com | CIN No.: L45200MH1976PLC019335