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26th August 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1
Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E)
Mumbai – 400001 Mumbai -400051
Scrip Code: 543317 Symbol: GRINFRA
Subject: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) -
Receipt of Show Cause Notice from GST Department.
Dear Sir,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“Listing Regulations”) read with Part A of Schedule III and SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and in accordance with the
Company's Policy on Determination of Materiality for Disclosure of Events or Information, we
would like to inform the exchanges that the Company has received show cause notice (DRC-01)
from “Office of the Joint Commissioner of State Tax, Ratlam Division, Indore, Madhya Pradesh”,
under Section 74 of the CGST Act, 2017 & MPGST Act, 2017.
The details as required under Listing Regulations read with SEBI Master Circular is enclosed
herewith as an “Annexure-A”.
You are kindly requested to take the same on record.
Yours sincerely,
For G R Infraprojects Limited
Sudhir Mutha
Company Secretary
ICSI Membership No. ACS18857
Encl: As Above
ANNEXURE-A
Disclosure of Material Events or Information pursuant to Regulation 30 of Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
read with the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January
2026.
S.No. Particulars Description
1 Brief details of litigation viz. name(s) of Opposing Party/Agency: Office of the Joint
the opposing party, court/ Commissioner of State Tax, Ratlam Division,
tribunal/agency where litigation is Indore, Madhya Pradesh
filed, brief details of dispute/litigation;
Brief Details: The Company has received a Show
Cause Notice in Form GST DRC-01 dated August 25,
2026, issued by the Joint Commissioner of State Tax,
Ratlam Division, Madhya Pradesh, under Section 74
of the CGST Act, 2017, for the tax period April 2020
to March 2021. The notice relates to certain GST-
related discrepancies, including alleged
excess/ineligible availment of input tax credit,
mismatch in e-way bill and GSTR-3B data, and other
related GST matters. The notice proposes an
aggregate demand of Rs. 321.60 crore, comprising
tax, interest and penalty.
2 Expected financial implications, if any, Since the matter is presently at the Show Cause
due to compensation, penalty etc.; Notice stage, the Company is in the process of
preparing its response and firmly believes that it
has strong legal and factual grounds to defend
its position. The Company will take all necessary
steps to present and defend its case before the
relevant authorities. Accordingly, the Company
does not presently anticipate any material
financial impact or material liability arising from
the proposed demand.
3 Quantum of claims, if any; As per the Show Cause Notice, the proposed
demand, including tax, interest and penalty, is
Rs. 321.60 crore under Section 74 of the CGST
Act, 2017 and the MPGST Act, 2017.