Bhageria Industries Limited has received a GST demand order from tax authorities, as disclosed in a regulatory filing dated March 31, 2026. The company informed stock exchanges about this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Demand Details

The demand order has been issued by the Office of the Assistant/Deputy Commissioner of CGST & Central Excise, Division-IV Palghar Commissionerate. The order was received by the company on March 30, 2026.

Additional Liabilities

Along with the primary demand, the order includes:

• Interest charges under Section 50 of the CGST Act
• Penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act

Company's Response Strategy

Bhageria Industries has outlined its approach to address the demand order. The company plans to file an appeal before the Commissioner (Appeals) against the said order before the due date. This represents the standard legal recourse available to taxpayers who wish to contest GST demand orders.

Financial Impact Assessment

According to the company's disclosure, there is no impact on financial operations or other activities due to this order. The management has indicated that the demand order does not affect the company's ongoing business operations or financial performance.

Regulatory Compliance

The disclosure was made through a communication signed by Deepa Toshniwal, Company Secretary and Compliance Officer, ensuring adherence to stock exchange notification requirements. The filing demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments that could potentially affect its operations.

Bhageria Industries has achieved a significant milestone in renewable energy expansion through its subsidiary Rahuri Cleantech Private Limited, which successfully commissioned a 7 MW solar photovoltaic plant on March 27, 2026. The project represents a strategic step forward in the company's commitment to clean energy development under the Maharashtra Solar and Wind Energy Policy framework.

Project Commissioning Details

The newly operational solar facility has been developed at Bhatkudgaon, Taluka Shevgaon, District Ahilyanagar, Maharashtra, under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 scheme. The commissioning details are outlined below:

Regulatory Compliance and Implementation

The company has formally notified stock exchanges about the commissioning pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project has been implemented through Rahuri Cleantech Private Limited, a wholly owned subsidiary of Bhageria Industries Limited.

Strategic Significance Under MSKVY 2.0

The commissioning of this solar plant forms part of the aggregate 32 MW capacity under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, demonstrating the company's growing presence in the clean energy sector. The facility represents the company's commitment to supporting Maharashtra's renewable energy objectives and sustainability initiatives.

The successful commissioning marks another achievement for Rahuri Cleantech in executing renewable energy projects within the regulatory framework designed to accelerate Maharashtra's transition to sustainable energy sources. The project enhances the company's renewable energy portfolio and supports its long-term sustainability initiatives.