Indo Euro Indchem Ltd — Important, 15-04-2026: Company Update

Indo Euro Indchem has received a GST demand order from tax authorities alleging fraudulent Input Tax Credit (ITC) claims. The order demands ₹0.11 Cr for alleged ITC availed through fake e-way bills, plus a penalty of ₹0.63 Cr. The company, after consulting with tax experts, plans to appeal this order to the appropriate authority. While this creates a contingent financial liability, the company emphasizes there is no impact on its ongoing operations or other business activities. The company will actively defend its position.