Eveready Industries India Limited receives IGST penalty order

Eveready Industries India Limited received a demand order from the State Tax Officer, State Goods & Services Tax, Haridwar, Uttarakhand, imposing a penalty of Rs.12,66,202. The order, dated May 24, 2026, was issued under the Integrated Goods and Services Tax (IGST) regulations. The company stated that the penalty arose due to a truck seizure caused by a minor typographical error in the E-Way Bill for financial year 2026-27.

The company received the order on May 25, 2026, via download from the GSTN portal. According to the disclosure, the order was passed as DRC-07 Ref. No. ZD050526011223Y. The penalty relates to actions taken by the GST Authority regarding the contravention.

eveready industries confirmed that it will file a necessary appeal with the appellate authority against the order. The company clarified that there is no impact on its financial, operational, or other activities as a result of this demand order.

The following table details the specifics of the order and the company's response:

Sl. No.	Particulars	Description
1.	Name of the authority	State Tax Officer, State Goods & Services Tax, Haridwar, Uttarakhand
2.	Nature and details of the action(s) taken or order(s) passed	Demand Order in DRC-07 Ref. No. ZD050526011223Y dated 24-05-2026 for penalty of IGST of Rs.12,66,202/-
3.	Date of receipt of direction or order	25.05.2026 at 10.30 a.m. on download from GSTN portal
4.	Details of the violation(s) / contravention(s) committed	The Order has been passed by the GST Authority on 24-05-2026 for financial year 2026-27, on account of Truck seizure due to minor typographical error in the E-Way Bill
5.	Impact on financial, operation or other activities	The Company will file necessary appeal with the appellate authority in this regard. There is no impact on financial, operational or other activities of the Company

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.47%	+0.08%	+0.36%	-5.03%	+1.95%	-0.97%

Eveready Industries India has secured a stay from the Delhi High Court on an order passed by the Hon'ble Patiala House Courts, New Delhi, which had directed the company to pay damages estimated at approximately Rs. 7.11 crores to UCO Bank. The company filed a writ petition before the Hon'ble High Court of Delhi seeking interim relief in the matter. On May 22, 2026, the Hon'ble High Court of Delhi passed an interim order staying the impugned order of the District Court, Patiala House Courts, New Delhi.

Court Order Details

The proceedings relate to the alleged unauthorized occupation of a portion measuring 5,471 sq. feet at UCO Bank Building, Parliament Street, New Delhi – 110001. The original order, dated May 15, 2026, was disclosed by the company on May 18, 2026. The key details of the original court order are summarized below:

Parameter:	Details
Court:	Hon'ble Patiala House Courts, New Delhi
Order Date:	May 15, 2026
Property in Dispute:	UCO Bank Building, Parliament Street, New Delhi – 110001
Area Under Dispute:	5,471 sq. feet
Damages Payable:	Rs. 7.11 crores (excluding interest)
Payable To:	UCO Bank
Disclosure Date:	May 18, 2026

Delhi High Court Intervention

Following the district court's order, Eveready Industries moved the Delhi High Court. The High Court has granted a stay on the ruling, providing the company temporary relief from the damages order. Eveready Industries had clarified that the damages amount of Rs. 7.11 crores does not have any material impact on its operations.

Regulatory Disclosure

The intimation was submitted to the National Stock Exchange of India Ltd, BSE Limited, and The Calcutta Stock Exchange Limited in compliance with Regulation 30 of the SEBI Listing Regulations. The disclosure was signed by Shampa Ghosh Ray, Company Secretary of Eveready Industries India Limited.