JSL Industries Ltd — Important, 24-01-2026: Company Update

JSL Industries Limited has received a favorable order from CESTAT Ahmedabad in a service tax dispute. The case concerned a demand for approximately 0.13 Cr in service tax on 0.90 Cr remuneration paid to a whole-time director between October 2015 and June 2017. The tribunal ruled that the remuneration is not liable for service tax, setting aside the demand. This is a positive outcome for the company, effectively removing the potential liability related to this specific litigation and ensuring no adverse financial impact.