CEAT GST demand reduced to Rs 6.4 crore for FY 2019-20

1 min read     Updated on 05 Jun 2026, 03:15 AM
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Shriram SScanX News Team
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CEAT Limited received a revised GST order on June 3, 2026, lowering the tax demand for FY 2019-20 to Rs 6.4 crore plus interest, comprising Rs 3.2 crore tax and Rs 3.2 crore penalty. The company states there is no material impact and is considering an appeal against the order.

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CEAT Limited received a revised order from the GST State Tax Officer, Group-VIII, Intelligence-II Chennai-6, Tamil Nadu, on June 3, 2026, reducing the earlier tax demand. The confirmed demand now stands at Rs 6.4 crore plus interest, down from the previously communicated figure of Rs 9.4 crore. The reduction pertains to the financial year 2019–20 and addresses allegations regarding the availment and utilisation of ineligible input tax credit. The company stated that it believes there is no material impact on its financials, operations, or other activities, and is exploring the option of preferring an appeal against the order.

The disclosure was made to the exchanges pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This communication serves as an update to the earlier intimation dated March 30, 2026, which had initially detailed the higher demand.

The revised order breaks down the confirmed demand into specific components. The rectified order (DRC-08) significantly lowered the financial implications compared to the initial assessment.

Component Amount
Tax Rs 3.2 Crore
Penalty Rs 3.2 Crore
Interest Applicable

The company management, represented by Company Secretary Gaurav Tongia, confirmed that the entity is evaluating legal recourse to contest the revised demand. The communication was officially signed and submitted on June 4, 2026.

Historical Stock Returns for CEAT

1 Day5 Days1 Month6 Months1 Year5 Years
+0.63%-1.36%-1.66%-16.41%-10.23%+144.38%

What is the likelihood of success for CEAT's planned appeal against the revised demand?

How will the legal costs associated with contesting the GST order compare to the potential financial relief?

Could this GST dispute trigger similar scrutiny or orders for other financial years?

Ceat Limited to transfer unclaimed shares to IEPF by September 3

1 min read     Updated on 31 May 2026, 05:43 AM
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Ceat Limited will transfer unclaimed dividends and equity shares to the IEPF by September 3, 2026, under Section 124 of the Companies Act, 2013. Shareholders must submit claims to NSDL Database Management Limited by this date to avoid forfeiture. A special window for physical share transfers is open until February 4, 2027.

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Ceat Limited has announced that it will transfer unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF) by September 3, 2026. This action follows the provisions of Section 124 of the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. Shareholders who have not claimed dividends for seven consecutive years or more are affected by this transfer.

The company has communicated separately to the concerned shareholders via their registered postal addresses with the Registrar and Transfer Agent (RTA), NSDL Database Management Limited. Full details of the affected shareholders are available on the company's website under the "Shareholder Information" section. Shareholders holding shares in physical form will have their original certificates automatically cancelled, while those holding shares in electronic form will see their demat accounts debited.

To avoid the transfer, shareholders must submit an application to the RTA with a request letter and requisite forms signed by all holders, along with necessary identification documents. If the company or RTA does not receive communication by the deadline, the shares will be transferred to the IEPF without further notice. Once transferred, claims against the company for these dividends or shares will not lie, and shareholders must approach the IEPF Authority for recovery.

The notice also highlights a special window for re-lodgement of physical share transfer requests, open from February 5, 2026, to February 4, 2027. This window applies to requests originally submitted on or before April 1, 2019, that were rejected, returned, or not processed due to deficiencies. Additionally, the IEPF Authority has relaunched the "Saksham Niveshak" initiative from April 1, 2026, to July 9, 2026, to facilitate the payment of unclaimed dividends to rightful shareholders.

Key Details Information
Deadline for Claim September 3, 2026
RTA NSDL Database Management Limited
Special Window for Physical Shares February 5, 2026 to February 4, 2027
Saksham Niveshak Initiative April 1, 2026 to July 9, 2026

Shareholders with queries can contact NSDL Database Management Limited at 4th Floor, Tower 3, One International Centre, Senapati Bapat Marg, Prabhadevi (West), Mumbai – 400 013, or via email at investor.ndmlrta@ndml.in .

Historical Stock Returns for CEAT

1 Day5 Days1 Month6 Months1 Year5 Years
+0.63%-1.36%-1.66%-16.41%-10.23%+144.38%

What impact will the transfer of unclaimed shares to the IEPF have on Ceat Limited's shareholder register and potential voting power?

How might the 'Saksham Niveshak' initiative influence the recovery rate of unclaimed dividends across the broader market?

Could the extended deadlines and special windows signal a regulatory trend towards stricter enforcement of unclaimed asset transfers?

More News on CEAT

1 Year Returns:-10.23%