BSECompany Update4d ago · 21 Oct 2026, 12:40 pm
Please find enclosed herewith Intimation under Reg 30 of SEBI LODR.
Harish Textile Engineers Ltd · 542682
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Harish Textile Engineers Ltd has received a Show Cause Notice from the Goods and Services Tax Department regarding discrepancies in Input Tax Credit (ITC) claimed for the period January 2026 to March 2026, proposing rejection of refund to the extent of Rs. 23,02,781/-.
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Market Sentiment3/10
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Harish Textile Engineers Ltd - 542682 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
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HARISH TEXTILE ENGINEERS LIMITED
CIN No.: L29119MH2010PLC201521
Date: 215t October, 2026
Manager — CRD
BSE Limited
Pheroze Jeejeebhoy Tower,
Dalal Street,
Mumbai — 400 001
Dear Sir/Madam,
Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing
Regulations”).
Scrip Code: BSE 542682
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“Listing Regulations"), read with Para B of Part A
of Schedule III thereto, we hereby inform you that the Company has received a Show Cause
Notice in Form GST RFD-08 dated 16™ October, 2026 received yesterday i.e. 20" October, 2026,
issued by the Office of the Deputy Commissioner of State Tax, Nashik, Maharashtra. The said
notice relates to the Company's refund application filed for the period January 2026 to March
2026.
The notices have been issued pursuant to examination of the Company's refund application,
wherein certain discrepancies with regard to the Input Tax Credit (ITC) claimed by the Company
have been identified by the GST Department, including observations relating to ITC availed from
certain suppliers and difference in Net ITC as reported in RFD-01 and Annexure-B. The
Department has proposed rejection of the refund claim to the extent of Rs. 23,02,781/-.
The Company is in the process of examining the observations made in the notices and is taking
appropriate steps to submit its reply along with necessary supporting documents within the
prescribed timeline. The Company has also been directed to appear before the concerned
authority for personal hearing on 22" October, 2026 at 11:00 A.M.
At this stage, the notices are in the nature of show cause proceedings and no final order has
been passed against the Company. Accordingly, the ultimate financial impact, if any, cannot be
ascertained at this stage.
The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-
1/P/CIR/2023/123 dated 13t July 2023, are enclosed herewith as an Annexure -A.
Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251
Email: info@harishtextile.com www.harishtextile.com
HARISH TEXTILE ENGINEERS LIMITED
CIN No.: L29119MH2010PLC201521
You are requested to kindly take the above information on your records.
Thanking You,
Yours Faithfully,
For Harish Textile Engineers Limited
Sandeep Gandhi
Managing Director
DIN: 00941665
Place: Mumbai
Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251
Email: info@harishtextile.com www.harishtextile.com
HARISH TEXTILE ENGINEERS LIMITED
CIN No.: L29119MH2010PLC201521
Annexure A
Details under Regulation 30 of the SEBI Listing Regulations read along with SEBI
Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13'" July 2023:
Sr. | Particulars Details
1 Name of Authority Goods and Services Tax Department
Designation of the assessing officer Deputy Commissioner of State Tax
Unit NAS-NOD-E-0006 (AMBAD_505),
Division Nashik, Maharashtra
2 Nature and details of the action(s) taken, or The Company has received a Notice in Form GST RFD-
order(s) passed 08 along with an Additional Show Cause Notice in
relation to the refund application for the period January
2026 to March 2026, proposing rejection of refund to
the extent of Rs. 23,02,781/-.
3 Date of receipt of direction or order, including 20t October, 2026
any ad-interim or interim orders, or any other
communication from the authority
4 Details of the violation(s)/contravention(s) During examination of the refund application, the GST
committed or alleged to be committed Department has raised observations relating to ITC
availed from certain suppliers, stated to have availed
ITC from non-genuine and/or cancelled suppliers. The
Department has also observed a difference in Net ITC
reported in RFD-01 and Annexure-B.
5 Impact on financial, operation or other activities The Department has proposed rejection of refund to the
of the listed entity, quantifiable in monetary extent of Rs. 23,02,781/-. Since the matter is at the
terms to the extent possible show cause stage and no final order has been passed,
the ultimate financial impact, if any, cannot be
ascertained at this stage.
6 Remark The Company is examining the notices and will submit
its reply along with the necessary supporting documents
within the prescribed timeline and appear before the
concerned authority for personal hearing on 22n
October, 2026 at 11:00 A.M.
For Harish Textile Engineers Limited
Sandeep Gandhi
Managing Director
DIN: 00941665
Place: Mumbai
Regd. Office: 19, Parsi Panchayat Road, 2nd Floor, Andheri (East), Mumbai - 400 069. Maharashtra, India. Tel.: +91 66490251
Email: info@harishtextile.com www.harishtextile.com