LMW Limited Faces Tax Penalty Over Invoice Discrepancy; Plans to Appeal Order

The LMW Limited (formerly Lakshmi Machine Works Limited) has issued an regulatory filing dated July 07, 2025, to informing the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) that it has received a communication (Order No. 3074/RS/25-26) dated July 07, 2025, from the Deputy State Tax Officer of the Roving Squad, Coimbatore, Tamil Nadu.

The official disclosure has been issued by the company under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has received the communication because the department has noticed a discrepancy in the Customer GST Number and the Material delivery address printed on the invoice. Meaning, the GST identification number mentioned on the invoice belonged to one customer, but the address where the materials were delivered was different, possibly suggesting the invoice and delivery details were not matched. The communication is related to transactions that took place in July 2025. As a result, the company has now been imposed with a penalty amount of Rs. 5,87,988.

However, the company has clearly stated that this action does not have any material impact on their overall financial performance, operations, or other activities. The company is not accepting the penalty order and is planning to file an appeal before the Deputy Commissioner of State Tax, Tamil Nadu.