Shilchar Technologies Ltd — Important, 02-04-2026: Company Update

Shilchar Technologies has received a tax demand order from authorities concerning GST-related audit observations. The order confirmed a tax demand of approximately Rs 3.21 crore, interest of Rs 0.02 crore, and imposed penalties totaling about Rs 3.20 crore. The company had previously paid some tax, interest, and a portion of the penalty, which were appropriated against the demand. Shilchar Technologies believes it has a strong case on merits, asserting the demand is erroneous, and plans to challenge this order before the First Appellate Authority. They anticipate no material financial impact from this situation.