We wish to inform you that Hexagon Nutrition Exports Private Limited (HNEPL) a previously wholly owned Subsidiary of the Company has received an order from the Commissioner of Customs-Chennai ....
REGULATORY
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 01 Sep 2026, 07:02 PM IST · BSE ID: f85167da-f3da-4341-a83c-8a32077fd884
View Original BSE Filing (PDF)
💡
In Simple Terms
A former subsidiary of Hexagon Nutrition has been ordered to pay significant customs duties and penalties, but the company plans to appeal the decision.
🤖 AI Summary
- Former subsidiary HNEPL ordered to pay customs duty of INR 81,71,989.
- Order includes a Fine of INR 15,00,000 and Penalty of INR 8,00,000.
- Demand relates to alleged misclassification of product CTH codes.
- Company disputes the order and will file an appeal.
- Total quantifiable demand is INR 1,04,71,989 plus applicable interest.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Customs Duty Demand
INR 81,71,989
Total Quantifiable Demand and Penalty
1,04,71,989
🏢 How This Affects the Company
The company expects no material impact on operational activities, as it believes it has a strong case on merits and will appeal the order.
The immediate quantifiable financial impact is the total demand and penalty of INR 1,04,71,989 plus applicable interest. The company anticipates a favorable outcome at the appellate level.
This order introduces a regulatory risk and potential financial outflow if the appeal is unsuccessful, though the company's legal counsel advises a strong case for appeal.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders; monitor the company's appeal process.
👤
Who Is Affected
All shareholders are indirectly affected by potential financial liabilities until the appeal is resolved.
🔍
Management Signal
Management demonstrates intent to vigorously defend its position by disputing the order and pursuing legal avenues.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Company's appeal filing status with appellate authority.
Update on the legal proceedings concerning the customs order.
Any further financial implications disclosed by the company.
MEDIUM RISK
Significant customs demand and penalty with potential financial impact pending appeal resolution.
💡 Investor Takeaway
Hexagon Nutrition's former subsidiary HNEPL received a customs demand of INR 81,71,989, with fines and penalties totaling INR 23,00,000. The company disputes the order and will appeal, anticipating no material operational impact.
⚖️ Strengths & Concerns
⚠️ Concerns
- Customs demand order confirms a significant liability of INR 81,71,989 in customs duty.
- Order includes substantial additional liabilities of INR 15,00,000 fine and INR 8,00,000 penalty.
❓ Frequently Asked Questions
What is the total demand issued by the Commissioner of Customs?
The Commissioner of Customs-Chennai III has confirmed a demand for Customs Duty of INR 81,71,989, along with a Fine of INR 15,00,000 and a Penalty of INR 8,00,000.
What is the alleged violation by Hexagon Nutrition Exports Private Limited?
The authority has alleged Misclassification of CTH code of Products, which leads to different Basic Custom Duty and Social Welfare Surcharge.
What is the company's response to the customs order?
The company strongly disagrees with the findings and believes it has a strong case on merits, planning to file an appeal.
What is the immediate financial impact of this order?
The immediate financial impact is limited to the total demand and penalty aggregating to INR 1,04,71,989/- and applicable interest.
Questions based on this BSE filing only. For information purposes.