Sapphire Foods India Faces Rs 4.39 Crore GST Demand After Karnataka Tax Authorities Issue Rectification Order:

Sapphire Foods India Limited has informed the stock exchanges that it has received a rectification order dated November 11, 2026, in APL-04, from the Joint Commissioner, Commercial Tax Department, Karnataka.

Through the aforementioned rectification order, the concerned tax authorities have confirmed a demand of INR 43.89 million (includes tax: INR 17.38 million, recomputed interest: INR 24.72 million and penalty: INR 1.74 million).

Through the initial order, the relevant tax authorities had denied the utilisation of the eligible input tax credit (ITC) post November 14, 2017.

Sapphire Foods India Limited has made the entire aforementioned disclosure vide an intimation dated November 12, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The present intimation is in continuation of an earlier one issued on July 01, 2025, through which the company had informed about the receipt of an appeal dismissal order of Rs 30.74 million under Section 107 (11) of the CGST Act, 2017, vide APL-04 for the period April 2019 to March 2020.

Refer to the official intimation for complete information.