NSEGeneral Updates15 Oct 2026 · 15 Oct 2026, 07:31 pm

General Updates

Indian Railway Catering And Tourism Corporation Limited · IRCTC

✦ AI Summary▼ NegativeRegulatory

Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates regarding a continuing litigation on profiteering charges. The GSTAT has passed a final order, directing IRCTC to deposit ₹50,41,44,461/- along with interest, within one month. An appeal to the order is being preferred before the Competent court of Jurisdiction.

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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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Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates

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IRCTC_15102026193117_GSTATcaseReply.pdf

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No. 2019/IRCTC/CS/STEX/356 October 15, 2026 BSE Limited National Stock Exchange of India Limited (Through BSE Listing Centre) (Through NEAPS) 1st Floor, New Trade Wing, Rotunda Building “Exchange Plaza”, C -1, Block-G, Bandra-Kurla Phiroze Jeejeebhoy Towers, Dalal Street Fort, Complex, Bandra (East), Mumbai – 400001 Mumbai – 400 051 Scrip Code: 542830 Scrip Symbol: IRCTC Sub: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. Sir/Madam, Pursuant to Regulation 30(4) read with sub-para 8 of para-B of Part A of Schedule III of SEBI (LODR) Regulations 2015, please find below the updated status of continuing litigation on the following matter: Name of the Date of Status of the litigation / Current status of the opposing party initiation of dispute as per last disclosure litigation / dispute the litigation / dispute GSTAT 26-06-2020 As informed by counsel of The GSTAT has passed final (erstwhile) IRCTC, case was heard on order on dated 14.10.2026 and Competition 15.07.2026. The Tribunal has has accepted the Directorate Commission of given two weeks’ time to IRCTC General of Anti-Profiteering India. to file the invoices along with (DGAP) Report and rejected all the computation note, as a final objections to the same. opportunity. IRCTC has now been directed to deposit the profiteered amount as calculated, i.e ₹50,41,44,461/- along with interest @ 18% as per Rule 133(3)(c) of the CGST Rules, 2017 w.e.f. 28.06.2019, in the Central Consumer Welfare Fund as well as in the State Consumer Welfare Funds in the ratio of 50:50 equally, in accordance with the state-wise bifurcation of the profiteering amount shown by the DGAP in its report within one month. It has further been directed that if the deposit of the profiteered amount plus interest is not made within 30 days, a further penalty of 10% will also apply. An appeal to the said order is being preferred before the Competent court of Jurisdiction. This is for kind information and record please. Thanking you, Yours faithfully, For and on behalf of Indian Railway Catering & Tourism Corporation Limited (Suman Kalra) Company Secretary and Compliance Officer