Aether Industries Limited has received a Demand and Show Cause Notice from the Additional Commissioner of the CGST & Central Excise Commissionerate, Surat. The notice, received on April 23, 2026, involves a total tax demand of Rs. 4,26,16,311, excluding interest. The claim pertains to the disallowance of tax credits related to expenses incurred during the company’s Initial Public Offer (IPO) across the financial years 2020-21 and 2021-22.
Details of the Tax Notice
Aether Industries Limited has been issued a formal notice regarding the disallowance of tax credits previously availed by the company. The specific demand totals Rs. 4,26,16,311. In addition to this principal amount, the authorities have also requested interest payments related to the disputed credits. The notice specifically targets expenses associated with the company’s Initial Public Offer (IPO) activities conducted during the 2020-21 and 2021-22 financial years.
Management Response and Financial Impact
The company has stated that this development will have no material impact on its day-to-day operations. Aether Industries is currently preparing an appropriate response to the issuing authority to address the claims made in the notice. The company has committed to providing further updates regarding the progress of this matter as it moves through the formal review process.
Source: BSE
