JK Agri Genetics Ltd — Updates, 24-07-2025: Company Update

JK Agri Genetics Ltd. has received orders from the GST Authority for a total demand of Rs 4.84 Cr, which includes Rs 4.40 Cr in tax and Rs 0.44 Cr in penalties. The demand is for alleged non-payment of GST on freight outwards under Reverse Charge Mechanism and on discarded materials/process losses for financial years 2021-22 to 2023-24. The company maintains that its final product, seeds sold to farmers for sowing, are exempt from GST. Based on legal advice, JK Agri Genetics plans to appeal these orders, confident in its position, and anticipates no material financial or operational impact.