Shivam Autotech Limited — Important, 18-06-2025: Disclosure of material issue

Shivam Autotech has announced a Show Cause Notice from the Haryana Excise & Taxation Department regarding a discrepancy between its declared tax liability in GSTR-3B and the amount reflected in GSTR-2A. The disputed outstanding liability is ₹19.78 lakh (including interest). The company plans to contest this notice by submitting a detailed reply, relying on strong merits. This issue may have a limited near-term financial impact but ongoing resolution efforts indicate management’s proactive approach to mitigating potential cash outflows or penalties.