BSECompany Update3d ago · 6 Nov 2026, 06:05 pm

Enclosed is the disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 with respect to the receipt of order from Assistant Commissioner, Division - VI, CGST & C. EX. Raigad Commissionerate.

Apcotex Industries Ltd · 523694

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Apcotex Industries Ltd has received an order from the Assistant Commissioner, Division - VI, CGST & C. Ex. Raigad Commissionerate imposing a penalty of Rs. 16,36,985/- for alleged ineligible ITC/excess ITC availed/ITC distribution in wrong proportion by the Company for the period from April 2020 to March 2024.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern5/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment2/10

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Apcotex Industries Ltd - 523694 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

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6th November 2026 To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 Symbol: APCOTEXIND Security Code: 523694 Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Para A, Sub-para 20 of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we would like to inform you that the Company has received an Order from the Assistant Commissioner, Division – VI, CGST & C. Ex. Raigad Commissionerate, imposing a penalty of Rs. 16,36,985/- (Rupees Sixteen Lakh Thirty-Six Thousand Nine Hundred and Eighty-Five Only) with respect to GST Audit (ISD) for the period from April 2020 to March 2024 under applicable provisions of the Maharashtra GST Act 2017, IGST Act 2017 and CGST Act 2017 in relation to alleged ineligible ITC /excess ITC availed/ ITC distribution in wrong proportion by the Company for the respective period. The details of the above Order as required under Regulation 30 of Listing Regulations are given below: Name of the Authority Assistant Commissioner, Division – VI, CGST & C. Ex. Raigad Commissionerate. Nature and details of the action(s) An order passed under relevant provisions of the taken or order(s) passed Maharashtra Goods and Service Tax Act, 2017(‘Act’), demanding a penalty of Rs. 16,36,985/- (Rupees Sixteen Lakh Thirty-Six Thousand Nine Hundred and Eighty-Five Only) for the period April 2020 to March 2024 Date of receipt of direction or order, 6th November 2026 at 01.24 p.m. including any ad-interim or interim orders, or any other communication from the authority Details of the violation(s) / The Order has specified that the Company had availed contravention(s) committed or ineligible ITC/ excess ITC/ ITC distribution in wrong alleged to be committed; proportion under applicable provisions of the Maharashtra GST Act 2017, IGST Act 2017 and CSGT Act 2017. Impact on financial, operation or Company is currently evaluating the order and based on other activities of the listed entity, the advice of the counsel, will decide its further course of quantifiable in monetary terms to the action. extent possible. The Company does not expect the said order to have any material financial impact on the Company. You are requested to take the above information on record. Thanking you, For Apcotex Industries Limited Drigesh Mittal Head – Company Secretary & Legal