Shri Gang Industries & Allied Products Ltd — Important, 07-05-2026: Company Update

SHRI GANG INDUSTRIES AND ALLIED PRODUCTS LIMITED previously received an order concerning Central Sales Tax and UP VAT. The company challenged this by filing a Writ Petition with the Hon’ble High Court of Judicature at Allahabad. The High Court has now ordered that the operation and effect of the original tax order shall remain stayed until the next hearing. This provides temporary relief for the company, as the initial tax demand is effectively put on hold pending further legal proceedings, reducing immediate financial or operational impact from the tax order.