NSEGeneral Updates7 Aug 2026 · 7 Aug 2026, 10:28 am
General Updates
Sona BLW Precision Forgings Limited · SONACOMS
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Sona BLW Precision Forgings Limited has received an order from the Office of the Commissioner of GST & Central Excise, Chennai, demanding reversal/recovery of Input Tax Credit aggregating to INR 2,15,03,832/- along with applicable interest thereon and imposing a penalty for an amount of INR 21,05,192/-.
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Full Announcement
Sona Blw Precision Forgings Limited has informed the Exchange about Disclosure under Reg 30 of SEBI (LODR) Regulations
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SONACOMS_07082026102817_Disclosure.pdf
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Date: - 7th August, 2026
BSE Ltd. National Stock Exchange of India Ltd.
Regd. Office: Floor - 25, Listing Deptt., Exchange Plaza,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East),
Dalal Street, Mumbai-400 001. Mumbai - 400 051
BSE Scrip Code: 543300 NSE Scrip: SONACOMS
Subject: - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”).
Dear Sir / Madam,
Pursuant to Regulation 30 and in accordance with clause 20(b) of Para A of Part A of
Schedule III the Listing Regulations read with applicable master circular issued by SEBI, we
would like to inform that the Company has received an order yesterday at 8:25 pm (IST),
which was dated on 31st July, 2026 from the Office of the Commissioner of GST & Central
Excise, Chennai for demanding reversal/recovery of Input Tax Credit aggregating to INR
2,15,03,832/- along with applicable interest thereon and imposing a penalty for an amount of
INR 21,05,192/- under section 73(9) read with section 122(2)(a) of the Central Goods and
Services Tax (CGST)/TNGST Act 2017.
The required details of the order as required under the applicable SEBI master circular, is
attached as Annexure-A.
This is for your information and record.
For SONA BLW Precision Forgings Limited
Pankaj Gupta
Senior Vice President (Legal),
Company Secretary and Compliance Officer
Annexure-A
S. No. Details of events that needs to be Information of such event(s)
provided
i. Name of the Authority Joint Commissioner of Central Tax, from
the Office of the Commissioner of GST &
Central Excise, Chennai.
ii. Nature and details of the action(s) The Joint Commissioner has issued an
taken initiated, or order(s) passed order for demanding reversal/recovery of
Input Tax Credit aggregating to INR
2,15,03,832/- along with applicable
intertest thereon and imposing a penalty
for an amount of INR 21,05,192/- under
section 73(9) read with section 122(2)(a)
of the Central Goods and Services Tax
(CGST)/TNGST Act 2017.
iii. Date of receipt of direction or order, The Order was received by the Company
including any ad interim or interim on 6th August, 2026 at 8:25 p.m. (IST).
orders, or any other communication
from the authority
iv. Details of the The order alleges non- reversal of Input
violation(s)/contravention(s) Tax Credit claimed in respect of excess
committed or alleged to be GST charged by certain suppliers during
committed the period from April 2022 to March, 2024.
v. Impact on financial, operation or The Company is evaluating the Order and
other activities of the Company, proposes to avail appropriate legal
quantifiable in monetary terms to the remedies, including filling of an appeal.
extent possible
Based on its preliminary assessment no
material adverse financial, operation or
other impact is expected.