Shri Gang Industries & Allied Products Ltd — Important, 01-04-2026: Company Update

SHRI GANG INDUSTRIES has received tax assessment orders from the Deputy Commissioner, State Tax, Sikandrabad, Uttar Pradesh, for the financial year 2022-23. These orders levy a demand of Rs. 0.65 Cr under Central Sales Tax, 1956, and Rs. 27.51 Cr under the UP VAT Act. The Company disputes these demands, stating they are based on higher VAT/CST rates, and plans to file appeals. Management assesses the demand as not maintainable and anticipates no adverse impact on its financials or operations.