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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.
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Rathi Steel & Power Ltd-$

Rathi Steel & Power gets INR 59.45 Lakh GST demand order

REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 10 Oct 2026, 04:55 PM IST  ·  BSE ID: 223def08-df96-4dbb-9acc-1313bc7c174b
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a tax demand notice for interest on late GST payments and disputes it, expecting no major financial effect.
🤖 AI Summary
  • Rathi Steel & Power received a GST demand order of INR 59,44,859.
  • The demand pertains to interest on delayed GST liability for January 2021.
  • The company received the order on October 9, 2026, from GST authorities.
  • Rathi Steel & Power contests the demand, stating no material impact.
  • The company plans to explore legal remedies to contest the order.
🔢 Key Numbers — exact figures from BSE filing, not rounded
GST Demand Order Amount
INR 59,44,859
🏢 How This Affects the Company
💰
Financial Impact
The demand for INR 59,44,859 could impact the company's cash reserves if not successfully contested. However, management states no material impact is foreseen.
⚠️
Risk Impact
This filing flags a regulatory and compliance risk related to GST payment timeliness. The company's intention to contest introduces legal risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders; monitor company disclosures on the legal proceedings.
👤
Who Is Affected
All shareholders are potentially affected by any financial implications arising from the GST demand, should it not be successfully contested.
🔍
Management Signal
Management signals a proactive stance in contesting regulatory demands they deem unwarranted and a commitment to legal resolution.

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

👁 Watch List — track these upcoming events
Company's legal filings contesting the demand order.
Updates on the GST authorities' response to the company's contestation.
Future financial statements for any provisions made.
MEDIUM RISK Tax demand orders represent direct financial liabilities and potential penalties if not resolved favorably.
💡 Investor Takeaway
Rathi Steel & Power received a GST demand order of INR 59,44,859 for interest on delayed January 2021 GST liability. The company contests this, anticipating no material impact and will pursue legal remedies.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Received GST demand order of INR 59,44,859 for alleged interest on delayed payments.
📅 Company Track Record
Previously, in March 2026, the company disclosed a GST demand order of INR 3,06,07,072 plus penalty, which it also contested.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the amount of the GST demand order received by Rathi Steel & Power?
Rathi Steel & Power received a GST demand order of INR 59,44,859.
What is the reason for the GST demand order against Rathi Steel & Power?
The demand pertains to alleged interest on delayed GST liability for the month of January 2021.
When did Rathi Steel & Power receive the GST demand order?
The company received the GST demand order on October 9, 2026.
What is Rathi Steel & Power's stance on the GST demand order?
The company contests the demand, believes it is not maintainable, and foresees no material impact.

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

⚠️ 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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