BSECompany Update21h ago · 30 Oct 2026, 06:48 pm
Intimation regarding receipt of Show Cause Notice
Greenlam Industries Ltd · 538979
✦ AI SummaryRegulatory
Greenlam Industries Ltd has received a Show Cause Notice from the State Tax Officer Tindivanam, Villupuram, Tamil Nadu, regarding alleged excess availment of Input Tax Credit (ITC), ineligible ITC, etc. for FY 2023-24, amounting to Rs. 7.71 Crore plus applicable interest and penalty. The company has submitted its reply and does not expect any material impact on its financials or operations.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Greenlam Industries Ltd - 538979 - Intimation Regarding Receipt Of Show Cause Notice
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GREENLAM/2026-27
October 30, 2026
The Manager The Manager
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services Exchange Plaza, Bandra Kurla Complex
Floor 25, P. J. Towers, Dalal Street Bandra (E)
Mumbai - 400 001 Mumbai - 400 051
Email: corp.relations@bseindia.com Email: cmlist@nse.co.in
BSE Scrip Code: 538979 NSE Symbol: GREENLAM
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“Listing Regulations”): Intimation regarding receipt of Show Cause Notice
Dear Sir/ Madam,
Pursuant to the provisions of Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the Listing
Regulations, we would like to inform you regarding the receipt of Show Cause Notices as per the relevant details as
follows:
Sl. Particulars Details
1. Name of the authority State Tax Officer Tindivanam, Villupuram, Tamil Nadu
2. Nature and details of the action(s) Show Cause Notice in FORM GST DRC-01 Vide ref
taken, initiated or order(s) passed ZD3309260583272 dated 08.09.2026 for excess availment of Input
Tax Credit (ITC), ineligible ITC etc. for FY 2023-24.
3. Date of receipt of direction or order September 09, 2026.
or notice
4. Details of the violation(s) / The Company was show caused under section 73 of CGST/TNGST
contravention(s) committed or Act 2017. The notice inter alia pertains to alleged excess availment of
alleged to be committed Input Tax Credit (ITC), ineligible ITC etc. amounting to Rs. 7.71
Crore plus applicable interest and penalty.
5. Impact of financial, operation or The Company has submitted its reply within stipulated timeline and
other activities of the Listed entity, is hopeful of a favourable outcome thereof and therefore does not
quantifiable in monetary terms to the expect to have any material impact on the financials or operations of
extent possible the Company.
6. Explanation(s) for delay in disclosure The delay was due to an inadvertent oversight of internal
communication regarding disclosure requirement. The omission was
identified during quarterly review and is now being submitted to
maintain transparency with the stakeholders.
You are requested to take the above information on records.
Thanking you,
Yours faithfully,
For Greenlam Industries Limited
Prakash Kumar Biswal
Company Secretary &
Senior Vice President – Legal