NSEAction(s) initiated or orders passed21h ago · 30 Oct 2026, 05:40 pm
Action(s) initiated or orders passed
Belrise Industries Limited · BELRISE
✦ AI Summary▼ NegativeRegulatory
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.
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Earnings Impact2/10
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Governance Concern1/10
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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