NSEAction(s) initiated or orders passed21h ago · 30 Oct 2026, 05:40 pm

Action(s) initiated or orders passed

Belrise Industries Limited · BELRISE

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Belrise Industries Limited has received an order from the Goods and Services Tax - Assistant Commissioner (ST), Oragadam Assessment Circle, Commercial Taxes Department, Tamil Nadu, demanding Rs.18,626 as tax, Rs.1,12,400 as interest, and Rs.20,000 as penalty, aggregating to Rs.1,51,026, for allegedly ineligible availment of Input Tax Credit relating to expenses under Section 17(5) of the GST Act. The company is evaluating legal remedies.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment2/10

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Belrise Industries Limited has informed the Exchange about receipt of orders passed

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BELRISE_30102026173956_BELRISE_Intimation_of_GST_Order_Karnataka_30102026.pdf

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Dated: October 30, 2026 The Secretary, Listing Department, The Secretary, Listing Department, BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services, Exchange Plaza, C/1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400001. Mumbai – 400051. Scrip Code: 544405 Symbol: BELRISE ISIN: INE894V01022 ISIN: INE894V01022 Sub: Receipt of GST Order. Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations), 2015 (“SEBI Listing Regulations, 2015”) Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI Listing Regulations, 2015 read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/l/3762/2026 dated January 30, 2026 (“SEBI Master Circular”), we hereby submit disclosure regarding an Order dated October 29, 2026 passed by the Goods and Services Tax - Assistant Commissioner (ST), Oragadam Assessment Circle, Commercial Taxes Department, Tamil Nadu. The details of the aforesaid Order, as required under the SEBI Listing Regulations, 2015 and the SEBI Master Circular, are given below: Sr No. Particulars Details 1 Name of the authority Assistant Commissioner (ST), Oragadam Assessment Circle, Commercial Taxes Department, Tamil Nadu 2 Nature and details of the Order passed under Section 73 of the TNGST/CGST Act, action(s) taken or order(s) 2017 for FY 2023-24 pursuant to audit/scrutiny passed; proceedings. Demand confirmed through DRC-07 towards reversal of ITC, interest and penalty. 3 Date of receipt of direction or order, including any ad-interim or interim orders, or any other 29.10.2026 (Order No. ZD331026224227T) communication from the authority; 4 Details of the Alleged ineligible availment of Input Tax Credit relating to violation(s)/contravention(s) specified expenses under Section 17(5) of the GST Act committed or alleged to be and ITC availed on purchases from a supplier whose committed; registration was cancelled. The authority has confirmed a portion of the demand along with applicable interest and penalty. 5 Impact on financial, operation or The order results in a tax demand of Rs.18,626, interest other activities of the listed of Rs.1,12,400 and penalty of Rs.20,000 aggregating to entity, quantifiable in monetary Rs.1,51,026. There is no material impact on the terms to the extent possible. operations or business activities of the Company. The Company is evaluating appropriate legal remedies, including filing an appeal against the order. This submission is also available on the Company’s website under the tab “Investor Relations” at https://belriseindustries.com. You are requested to take the above on record. Thanking you, Yours faithfully For Belrise Industries Limited Siddhesh Mandke Company Secretary and Compliance Officer M. No. A20101