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Esprit Stones Limited has received a Show Cause Notice from the State GST department alleging an undischarged tax liability of Rs. 6.97 Cr for FY 2018-19, along with interest and penalty. The company, advised by tax consultants, believes it has strong grounds to contest the claim and will respond within the stipulated time. It expects no significant impact on its financials or operations from this matter, maintaining confidence in its compliance and business continuity.