5paisa Capital received a Show Cause cum Demand Notice (SCDN) from the Office of the Principal Commissioner of CGST & C. Excise, Mumbai East, proposing recovery of ₹15.31 crore in GST.

The notice, dated September 30, 2026, was issued under Section 73(1) of the Central Goods and Services Tax Act, 2017. It relates to alleged discrepancies in Input Tax Credit (ITC) availment for the financial year 2022-23 (FY23).

Breakdown of Demand

The total demand comprises three distinct components related to ITC claims:

The authority also proposed the recovery of applicable interest and penalty under the provisions of the CGST Act, 2017.

Company Response

In its disclosure to stock exchanges, 5paisa Capital stated that it possesses appropriate documents and supporting records to substantiate its position. The company asserted that the SCDN has no merits and will submit its response, along with requisite explanations, to the Adjudicating Authority within prescribed timelines.

The management indicated that there is no impact on the financial, operational, or other activities of the company arising from the said SCDN. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations.

5paisa Capital Limited accepted the resignation of Abhinav Agarwal from the position of Head - Investing Product, effective from the close of business hours on September 18, 2026.

The company disclosed the change in senior management personnel to the Bombay Stock Exchange and the National Stock Exchange pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Agarwal tendered his resignation to pursue better career opportunities outside the organization. The cessation of his role took effect immediately at the close of business on September 18, 2026.

In his resignation letter addressed to Managing Director and Chief Executive Officer Gaurav Seth, Agarwal expressed gratitude for the support received during his tenure. He committed to ensuring a smooth transition of his responsibilities.

Regulatory Disclosure

The disclosure was signed by Mehul Somaiya, Company Secretary and Compliance Officer of 5paisa Capital Limited. The filing included Annexure A detailing the reason for the change and Annexure B containing a copy of the resignation letter.