LMW Limited has disclosed receipt of a notice from the Commercial Tax Officer in Hubballi, Karnataka, concerning an export consignment cleared with an incorrect E-way bill. The company states there is no material financial impact. LMW Limited plans to file an appeal against the imposed penalty of Rs.22,42,792/-. This disclosure is made in accordance with SEBI regulations for communicating significant events.
LMW Limited Discloses Tax Authority Communication
LMW Limited has formally disclosed the receipt of a significant communication from a regulatory authority. The company received a notice on 12th June 2026 from the Commercial Tax Officer, Hubballi, Karnataka. This communication pertains to an export consignment that was reportedly cleared with an incorrect E-way bill.
Details of the Communication and Impact
The brief summary of the material contents indicates that the export consignment was processed with an erroneous E-way bill. The period for which this communication is applicable is noted as June 2026. Importantly, LMW Limited has declared that there is no material impact on the company’s financials, operations, or other activities due to this matter.
Penalty and Planned Action
The authority has imposed a penalty of Rs.22,42,792/- on LMW Limited. In response to this, the company has stated its planned action: it will file an appeal before the Deputy Commissioner of Commercial Tax, Hubballi, Karnataka. The company has confirmed that all information provided in this disclosure is true, correct, and complete to the best of its knowledge and belief.
Disclosure Compliance
This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars and industry standards. The company requests that this information be taken on record.
Source: BSE
