Eternal Limited has informed the exchange regarding order received from Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh.
REGULATORY
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 10 Jun 2026, 04:08 PM IST · BSE ID: e7b86938-3e37-4896-af32-905a3c9ca132
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received an official demand for over Rs. 6 crore in GST, interest, and penalties, but plans to fight it and expects no financial impact.
🤖 AI Summary
- Eternal Ltd received an order for GST demand of INR 6,48,72,000 for April 2023-March 2024.
- The order includes interest of INR 2,49,53,504 and penalty of INR 64,87,200.
- The demand is related to alleged short payment of output tax.
- The company plans to file an appeal, believing it has a strong case.
🔢 Key Numbers — exact figures from BSE filing, not rounded
GST Demand
INR 6,48,72,000
🏢 How This Affects the Company
The company has been ordered to pay a significant sum for GST, interest, and penalty. However, management believes they have a strong case and do not expect any financial impact.
This order introduces regulatory and financial risk, contingent on the outcome of the appeal process. The company's position is that this risk will not materialize.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Monitor future updates on the appeal process.
👤
Who Is Affected
All shareholders are potentially affected by contingent liabilities, though management asserts no financial impact.
🔍
Management Signal
Management's stated intent to appeal signals a commitment to challenging regulatory demands they deem unjustified.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Company's appeal filing status with the appropriate authority.
Any further communications or interim orders from tax authorities.
Management's commentary on the appeal progress in subsequent filings.
MEDIUM RISK
Significant demand order and pending appeal process introduce financial and regulatory uncertainty.
💡 Investor Takeaway
Eternal Ltd received an order for GST demand of INR 6,48,72,000 with interest and penalty, totaling INR 9,63,12,704. The company plans to appeal and anticipates no financial impact.
⚖️ Strengths & Concerns
✅ Positives
- Company is contesting the demand order, believing in a strong case on merits.
- Management does not expect any financial impact on the company from this order.
⚠️ Concerns
- Adjudication order confirms GST demand of INR 6,48,72,000.
- Order includes interest of INR 2,49,53,504 and penalty of INR 64,87,200.
📅 Company Track Record
Eternal Ltd previously received INR 11.28 Crore in GST demand orders in March 2026, which the company also contested and planned appeals for.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total GST demand including interest and penalty for Eternal Ltd?
The total demand is INR 6,48,72,000 for GST, INR 2,49,53,504 for interest, and INR 64,87,200 for penalty.
Which authority issued the order to Eternal Ltd?
The order was issued by the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh.
What period does the GST demand order cover for Eternal Ltd?
The order pertains to the period April 2023 to March 2024.
What is Eternal Ltd's response to the GST demand order?
Eternal Ltd believes it has a strong case and will be filing an appeal before the appropriate authority, not expecting any financial impact.
What is the nature of the violation alleged in the GST order against Eternal Ltd?
The demand order is for alleged short payment of output tax with interest and penalty.
Questions based on this BSE filing only. For information purposes.