Axel Polymers Ltd — Important, 04-02-2026: Company Update

Axel Polymers has received a Show Cause Notice from Central GST authorities alleging wrongful availing and passing of input tax credit from FY 2021-22 to 2024-25. The notice proposes recovery of ₹31.57 Cr along with interest and penalties. The company is actively pursuing legal remedies, including a potential writ petition, and believes the demand is not legally sustainable. Management clarifies that this development has no immediate financial impact and does not affect routine operations, assuring stakeholders.