NSEGeneral Updates5d ago · 4 Nov 2026, 05:13 pm

General Updates

Greenlam Industries Limited · GREENLAM

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Greenlam Industries Limited has informed the Exchange about General Updates - Update on Show Case Notice. The Company had received a Show Cause Notice (SCN) under Section 74 of the Central Goods and Services Tax Act, 2017 for recovery of tax and imposition of penalty. However, the Hon'ble High Court of Himachal Pradesh has allowed the writ petition filed by the Company and quashed the SCN, terminating the proceedings.

Analysis Scores

Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact1/10
Market Sentiment6/10

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Greenlam Industries Limited has informed the Exchange about General Updates -Update on Show Case Notice

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GREENLAMAW_04112026171049_SCN_update.pdf

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GREENLAM/2026-27 November 4, 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”): Update on Show Case Notice Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and relevant SEBI circulars issued thereunder, this is to inform the following: We refer to disclosure made by the Company on July 28, 2025 wherein it was informed regarding receipt of Show Cause Notice (SCN) under Section 74 of the Central Goods and Services Tax Act, 2017 for recovery of tax and imposition of penalty, total aggregating to Rs. 7.68 Crore along with applicable interest, in relation to incorrect refund of IGST for the periods i.e., Oct.- 18 to Mar.-19, Apr.’ 19 to Mar.-20, Apr.- 20 to Mar.-21. In this connection, we would like to inform that the Company had filed a writ petition before the Hon'ble High Court of Himachal Pradesh challenging the validity of the aforesaid SCN. The Hon'ble High Court of Himachal Pradesh, vide its order pronounced on November 3, 2026, has allowed the writ petition filed by the Company and quashed the aforesaid SCN. Consequently, the proceedings initiated against the Company via the said SCN stands terminated. There is no financial or operational impact on the Company due to this order. 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