BSECompany Update1h ago · 15 Oct 2026, 07:30 pm
Please find attached herewith disclosure under regulation 30 of SEBI (LODR) Regulations, 2015.
Indian Railway Catering and Tourism Corporation Ltd · 542830
✦ AI Summary▼ NegativeLitigation
Indian Railway Catering and Tourism Corporation Ltd has disclosed an update under Regulation 30 of SEBI (LODR) Regulations, 2015, regarding a continuing litigation with GSTAT (erstwhile IRCTC) on a profiteering case. The Tribunal has accepted the Directorate General of Anti-Profiteering (DGAP) Report and rejected all objections. IRCTC has been directed to deposit ₹50,41,44,461 along with interest as per CGST Rules, 2017, within one month, failing which a further penalty of 10% will apply.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern5/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact3/10
Market Sentiment2/10
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Indian Railway Catering and Tourism Corporation Ltd - 542830 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
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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