Harish Textile Engineers Ltd — Important, 17-07-2026: Company Update

Harish Textile Engineers received a tax notice from the State Tax department for the period April 2022 to March 2023. The notice alleges a short payment of tax and excess Input Tax Credit availment totaling approximately Rs. 0.91 crore. It also proposes interest of approximately Rs. 0.62 crore and a penalty of approximately Rs. 1.09 crore. The company is examining the notice and will respond. Importantly, this is currently a scrutiny notice seeking clarification, and no final demand or adverse order has been passed yet, so there is no immediate financial impact.