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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Greenlam Industries Ltd

Greenlam Industries Receives Show Cause Notice for Rs. 7.71 Cr Tax Discrepancy

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 30 Oct 2026, 06:48 PM IST  ·  BSE ID: 9ae87f91-4267-4bd4-bf42-698080ed8df8
View Original BSE Filing (PDF)
💡
In Simple Terms
The company was asked by tax authorities to explain a Rs. 7.71 Crore tax credit discrepancy for a past financial year.
🤖 AI Summary
  • Greenlam Industries received a Show Cause Notice for alleged Rs. 7.71 Crore excess Input Tax Credit (ITC) for FY 2023-24.
  • The notice was issued by the State Tax Officer, Tindivanam, Tamil Nadu.
  • Company has submitted a reply and anticipates no material financial or operational impact.
  • Disclosure delay attributed to inadvertent oversight, identified during quarterly review.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Alleged excess Input Tax Credit (ITC)
Rs. 7.71 Crore
🏢 How This Affects the Company
💰
Financial Impact
The notice alleges excess Input Tax Credit (ITC) of Rs. 7.71 Crore plus interest and penalty, which could impact the company's liabilities if not resolved favourably.
⚠️
Risk Impact
The Show Cause Notice introduces a tax-related compliance risk, requiring management attention to resolve the alleged discrepancies and potential penalties.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders; monitor company's follow-up on the tax matter.
👤
Who Is Affected
All shareholders are affected by potential financial implications and compliance risks arising from tax notices.
🔍
Management Signal
Management's proactive submission of a reply and expectation of no material impact signals confidence in resolving the issue.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Tax authority's final order regarding the Show Cause Notice.
Company's follow-up disclosures on the tax matter resolution.
Update on any interest and penalty assessments, if applicable.
MEDIUM RISK Show Cause Notice for significant tax credit discrepancy introduces financial and compliance risk.
💡 Investor Takeaway
Greenlam Industries received a Rs. 7.71 Crore Show Cause Notice for alleged excess Input Tax Credit for FY 2023-24. The company has responded and expects no material impact.
⚖️ Strengths & Concerns

✅ Positives

  • Company has submitted a reply to the tax authority within the stipulated timeline.
  • Company anticipates no material impact on its financials or operations from the notice.

⚠️ Concerns

  • Show Cause Notice alleges excess Input Tax Credit (ITC) amounting to Rs. 7.71 Crore plus applicable interest and penalty.
  • Disclosure of this notice was delayed due to an inadvertent oversight in internal communication.
❓ Frequently Asked Questions
What is the amount involved in the Show Cause Notice received by Greenlam Industries?
Greenlam Industries received a Show Cause Notice pertaining to alleged excess availment of Input Tax Credit (ITC) amounting to Rs. 7.71 Crore plus applicable interest and penalty.
Which authority issued the Show Cause Notice to Greenlam Industries?
The Show Cause Notice was issued by the State Tax Officer, Tindivanam, Villupuram, Tamil Nadu.
What is the alleged violation mentioned in the Show Cause Notice?
The notice alleges excess availment of Input Tax Credit (ITC) and ineligible ITC for the financial year 2023-24.
What is Greenlam Industries' expected impact from the Show Cause Notice?
The company has submitted its reply and does not expect to have any material impact on its financials or operations.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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