Sterling Tools Limited — Others, 26-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Sterling Tools Limited has announced receipt of a Show Cause Notice from the Additional Commissioner CGST, Dehradun, concerning alleged short payment of GST due to classification of goods, interest on GST paid for price variations, and excess availment of IGST Input Tax Credit. The total proposed demand is approximately Rs. 9.8 Cr plus interest and penalties. The company asserts its classification aligns with judicial precedents and notes similar cases were dropped in other states. It disputes the interest liability and intends to vigorously defend its position, expecting no material financial impact at this stage.