Elitecon International Ltd — Important, 10-04-2026: Company Update

Elitecon International has received a show cause notice from the Directorate General of GST Intelligence regarding alleged compliance issues. The notice proposes tax demands of 221.89 Cr, interest and penalty of 129.18 Cr, and recovery of 91.22 Cr in refunds. These matters involve GST provisions related to valuation, input tax credit, and return filing. The company is reviewing the notice and will respond appropriately. This is a preliminary stage, and no final liability has been determined; the financial impact remains contingent on the outcome of the proceedings.