GHCL Limited — Important, 05-02-2025: Updates

The company has reported receiving two significant orders related to excise and GST demands. The first order, from the Commissioner of CGST & Excise in Bhavnagar, confirms a demand for excise duty amounting to ₹2.41 crore, along with an equal penalty, for the manufacture and removal of STPP between July 2011 and October 2012. In the second order, the Asst. Commissioner of CGST in Junagadh confirmed a demand of ₹0.47 crore regarding non-payment of GST on DMF and NMET charges for the period from July 2017 to March 2019, also with an equivalent penalty.

The company believes it has a strong basis to contest these matters and plans to appeal to the appropriate authorities. Currently, there is no expected impact on the company's overall financial performance, aside from the potential duty and penalties if upheld. Stakeholders should watch closely as these developments evolve.