Aries Agro Faces Rs 3.96 Crore GST Demand Over ITC Availment from Retrospectively Cancelled Vendors:

Aries Agro Limited has received an Order dated September 04, 2026, from the Assistant Commissioner of State, Tax-D-032, Inv-A, Mazgaon, Mumbai.

Through the said order, the GST authorities have confirmed an earlier proposed demand over Input Tax Credit (ITC) availment amounting to Rs 3.96 crore, including interest and penalty on inward supplies of inputs from vendors whose GST registration had already been cancelled retrospectively, for the Financial Year 2018-19.

The company has clarified that the order is not likely to have any impact on its financial, operational and business activities. The company further claimed that it is planning to challenge the order before the Goods and Services Tax (GST) Appellate Authority, Mazgaon, Mumbai, by filing an appeal.

Aries Agro Limited has made the aforementioned disclosure to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) via an Intimation dated September 04, 2026, in pursuance of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).