NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company3d ago · 10 Aug 2026, 09:34 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Aarti Drugs Limited · AARTIDRUGS
✦ AI Summary▲ PositiveLitigation
Aarti Drugs Limited has informed the Exchange that the Hon'ble Supreme Court of India has dismissed the Special Leave Petition filed by the GST Department, disposing of the matter in favour of the Company.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Aarti Drugs Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Attachments (1)
📄pdf
Download →
AARTIDRUGS_10082026213223_ADL.pdf
View document text
Ref: ADL/SE/2026-27/37
August 10, 2026
To, To,
Listing/ Compliance Department Listing/ Compliance Department
BSE Limited National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Plot No. C/1,
Dalal Street, G Block Bandra - Kurla Complex,
Mumbai – 400 001
Bandra (East), Mumbai – 400051
BSE CODE: 524348
NSE SYMBOL: AARTIDRUGS
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015 ("Listing Regulations")
This is with reference to our earlier intimation dated March 16, 2026, bearing reference
number ADL/SE/2025-26/77, regarding the order passed by the Hon’ble High Court of
Judicature at Bombay, which was challenged by the GST Department by filing a Special
Leave Petition before the Hon’ble Supreme Court of India.
We wish to inform you that the Hon’ble Supreme Court of India has dismissed the Special
Leave Petition filed by the GST Department. Accordingly, the matter stands disposed of by
the Hon’ble Supreme Court.
The details as required under Para B of Part A of Schedule III under Regulation 30 of the
SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026 are as under: -
Sr. Details of Events need to be
Information of such Event
No. provided
1. name(s) of the opposing party GST Department
2. Litigation against Company
court/ tribunal/agency where
3. Hon’ble Supreme Court of India
litigation is filed
The Company had received Show Cause Notice for
alleged contravention of Rule 96(10) of CGST Rule
proposing to demand IGST of Rs. 230.70 Crores
along with applicable interest and penalty for FY
2017-18 to FY 2021-22.
In continuation to the aforesaid Show Cause Notice,
CGST & C.Ex. Authority passed the Order which,
inter alia, included:-
- Demand of erroneous sanctioned IGST
refund of Rs. 20.72 Crores under Section
74(9) of the CGST Act, 2017
- Drop the demand of Rs. 209.98 Crores
under Section 74 of the CGST Act, 2017
read with Section 20 of IGST Act 2017
- Demand of interest at the rates prescribed
under the provisions of Section 50(1) of the
CGST Act, 2017
- Imposition of penalty of Rs. 20.72 Crores
under Section 74(9) of CGST Act, 2017 read
Litigation/ dispute for which this
with Section 122(2)(b) of CGST Act, 2017
4. disclosure is being made
(brief details of dispute/litigation)
The Company had filed writ petition at The High
Court of Judicature at Bombay against the demand/
penalty mentioned in the aforesaid order of CGST &
C.Ex. Authority.
The Hon’ble High Court subsequently passed an
order setting aside the said order of the CGST &
C.Ex. Authority.
Then, the GST department challenged the aforesaid
Order of the Hon’ble High Court by filing a Special
Leave Petition before the Hon’ble Supreme Court of
India.
Now, the Hon’ble Supreme has dismissed the
Special Leave Petition filed by GST Department.
Accordingly, the matter stands disposed of by the
Hon’ble Supreme Court.
Date on which original
5. March 16, 2026
disclosure was made
Details of the development in
relation to the existing
The Hon’ble Supreme has dismissed the Special
6. proceeding/ Details of Change
Leave Petition filed by GST Department.
in Status
There is no impact on the financial, operation or
expected financial implications,
other activities of the Company as the order passed
7. if any, due to compensation,
by Hon’ble Supreme Court is in favour of the
penalty etc.
Company.
This is for your information and records.
Thanking you,
Yours faithfully,
FOR AARTI DRUGS LIMITED
RUSHIKESH DEOLE
COMPANY SECRETARY & COMPLIANCE OFFICER
ICSI M. No.: F12932