Container Corporation of India Ltd has received a GST demand notice from tax authorities in Hyderabad, totaling Rs 75.96 lakh plus 18% interest. The company disclosed this development to stock exchanges on April 15, 2026, pursuant to regulatory requirements under SEBI listing obligations.

GST Demand Details

The Commissioner of Customs & Central Tax, Appeals-II Commissionerate, Hyderabad, Telangana issued the demand order on April 7, 2026, which was received by the company on April 13, 2026. The total demand comprises two equal components:

Nature of Alleged Violations

The tax authorities have raised the demand based on two primary allegations:

• Availing of ineligible Input Tax Credit (ITC)
• Non-payment of tax on other income

These allegations form the basis of the GST demand and penalty imposed by the Commissioner of Customs & Central Tax.

Company's Response and Assessment

Container Corporation of India has conducted an internal assessment of the matter and maintains its position regarding the legitimacy of its tax practices. The company has stated that based on this internal evaluation, it believes no excess Input Tax Credit was availed and utilized.

Impact on Operations

The company has indicated that there is no material impact on its financial, operational, or other activities due to this GST demand. Container Corporation of India emphasized that appropriate action, including filing an appeal in this matter, is being undertaken by the company.

Regulatory Compliance

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulatory framework, including the nature of the action, date of receipt, details of alleged violations, and potential impact assessment.

Container Corporation of India Ltd (CONCOR) has informed the stock exchanges about changes in its Board composition following the completion of tenure for two Independent Directors.

Director Tenure Completion

The company announced that two non-official Independent Directors have ceased to hold office effective April 14, 2026. The directors who completed their tenure are:

The completion of tenure was in accordance with the appointment order issued by the Ministry of Railways, Government of India. Both directors ceased to hold their positions as Directors of CONCOR with effect from April 14, 2026.

Updated Board Composition

Following these changes, CONCOR's Board of Directors now comprises eight members. The current Board structure includes:

Executive Leadership

• Chairman and Managing Director: Shri Sanjay Swarup
• Director (Projects & Services): Shri Ajit Kumar Panda
• Director (International Marketing & Operations): Shri Vijoy Kumar Singh
• Director (Domestic Division) (Additional Charge): Shri Harbrinder Singh Bajwa
• Director (Finance) (Additional Charge): Ms. Pallavi Joshi

Government and Non-Official Directors

• Part Time Government Directors: Shri Rakesh Kumar Rousan and Shri Rahul Agarwal
• Part Time Non-Official Director: Smt. Namita Devi

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. CONCOR communicated this information to both the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Ltd. through their respective listing platforms.

The company has provided an updated list of Board of Directors to the exchanges for their information and records, ensuring transparency in corporate governance matters.