KEC International announced receipt of an adjudication order from the Gujarat GST Authority dated March 24, 2026. The order pertains to the alleged non-compliance by suppliers during FY 2019-20, resulting in a demand of ₹13,91,638 for tax and an equal amount for penalty. The Company is currently reviewing the order and intends to pursue appropriate legal remedies to contest the demand, anticipating no material financial impact.
Regulatory Disclosure on GST Order
KEC International Ltd. has formally disclosed the receipt of an adjudication order issued by the GST Authority in Gujarat on March 24, 2026. This disclosure is made pursuant to regulatory requirements concerning material events affecting the listed entity.
Details of the Tax Demand
The order stems from alleged issues related to the dis-allowance of Input Tax Credit (ITC) due to non-compliance issues observed with the Company’s suppliers during the Financial Year 2019-20. The total monetary demand specified in the order is broken down as follows:
- Tax Amount: Rs. 13,91,638/-
- Penalty: Rs. 13,91,638/-
Company’s Response and Financial Outlook
The management of KEC International is actively perusing the Order. The Company has confirmed its intention to seek the appropriate legal remedy available to contest the demand imposed by the authority. Crucially, KEC International does not foresee any material financial impact on its operations or financial standing as a direct consequence of this specific Order.
Source: BSE
