Aspinwall and Company Limited Receives GST Demand Orders of Rs. 27.01 Lakh for Two Financial Years, Plans to Challenge Orders:

Aspinwall and Company Limited has received two GST demand orders from the Office of the State Tax Officer, Tuticorin-II, Tamil Nadu, on October 31, 2026, for the financial years 2022-23 and 2023-24 under Section 73 of the Tamil Nadu Goods and Services Tax Act, 2017.

For FY 2022-23, the company has been asked to pay a tax amount of Rs.5,59,516, along with interest of Rs.3,55,944 and a penalty of Rs.55,952. For FY 2023-24, the demand includes tax of Rs.11,00,999, interest of Rs.5,02,237 and a penalty of Rs.1,25,880.

The total demand under both orders amounts to approximately Rs 2,700,528, including tax, interest and penalties.

The company stated that the orders will have no material impact on its financials, operations or other business activities. It also plans to challenge the orders by filing an appeal before the appropriate authorities.

The orders were issued on October 31, 2026, but the company could download them only on November 1, 2026, due to technical issues with the tax portal.

The company made the above disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure requirements) Regulations, 2015.