Panchmahal Steel Ltd — Important, 14-07-2026: Company Update

Panchmahal Steel received two orders from the State Tax Authority concerning Goods and Services Tax appeals. In the first appeal, related to a demand of Rs 0.79 Cr for disallowed Input Tax Credit, the company secured substantial relief, reducing the outstanding demand to Rs 0.02 Cr. Conversely, a second appeal regarding a Rs 0.32 Cr demand for similar issues was rejected, leaving the full amount pending. The company confirms no material financial or operational impact and is currently reviewing both orders to determine its next steps, including potential further appeals.