NSEGeneral Updates6d ago · 3 Nov 2026, 05:18 pm
General Updates
Diffusion Engineers Limited · DIFFNKG
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Diffusion Engineers Limited has received an order from the GST authorities setting aside a tax demand of ₹72,13,794/-, along with applicable interest and penalty, in respect of alleged excess availment of Input Tax Credit (ITC) for FY 2019-20.
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Full Announcement
Diffusion Engineers Limited has informed the Exchange about General Updates-Receipt Of Order From GST Authorities
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DIFFUSION_03112026171735_Intimation03112026.pdf
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Date: November 03, 2026
To, To,
The Manager The Manager
Listing Department Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G Block Floor 25, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex Dalal Street,
Bandra (East), Mumbai - 400 001
Mumbai - 400 051 BSE Scrip Code - 544264
NSE Symbol: DIFFNKG
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the
Company has received, on November 03, 2026, an Order dated October 30, 2026, passed by the
Additional Commissioner (Appeals), Customs, CGST and Central Excise, Nagpur, in respect of the
appeal filed by the Company against the Order-in-Original dated March 24, 2026.
The original Order, passed under Section 74 of the Central Goods and Services Tax Act, 2017,
had raised a tax demand of ₹72,13,794/- towards alleged excess availment of Input Tax Credit
(ITC) for FY 2019-20, along with applicable interest and an equivalent penalty of ₹72,13,794/-.
The Appellate Authority has allowed the appeal filed by the Company and set aside Order-in-
Original No. 50/GST/AC/DH/PW/25-26 dated March 24, 2026, along with the underlying
Show Cause Notice. Consequently, the GST demand amounting to ₹72,13,794/-, along with the
applicable consequential interest and penalty imposed thereon, has also been set aside.
The details, as required under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No:
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed
as Annexure A.
This is for your information and record.
Thanking You,
For Diffusion Engineers Limited
Chanchal Jaiswal
Company Secretary and Compliance Officer
ICSI Membership No.: A67136
Encl.: A/a
ANNEXURE -A
Sr. No. Details of Events that need to be Information of such events
provided
a. Name of the Authority; Additional Commissioner (Appeals),
Customs, CGST and Central Excise, Nagpur.
b. Nature and details of the action(s) The Appellate Authority, vide Order dated
taken, or order(s) passed; October 30, 2026, has allowed the appeal
filed by the Company and set aside Order-in-
Original No. 50/GST/AC/DH/PW/25-26
dated March 24, 2026, along with the
underlying Show Cause Notice.
Consequently, the GST demand of
₹72,13,794/-, along with consequential
interest and penalty, has been set aside.
c. Date of receipt of direction or order, November 03, 2026.
including any ad-interim or interim
orders, or any other communication
from the authority;
d. Details of the violation(s)/ The original Order alleged excess availment
contravention(s) committed or of Input Tax Credit (ITC) by the Company for
alleged to be committed; FY 2019-20 under Section 74 of the Central
Goods and Services Tax Act, 2017, resulting
in a tax demand of ₹72,13,794/-, along with
applicable interest and an equivalent
penalty. The said Order has now been set
aside by the Appellate Authority.
e. Impact on financial, operation or The entire GST demand of ₹72,13,794/-,
other activities of the Company, along with consequential interest and
quantifiable in monetary terms to penalty, has been set aside. Accordingly,
the extent possible; there is no subsisting liability on the
Company in respect of the said demand
pursuant to the appellate order.