Expleo Solutions Limited has disclosed receiving a GST order from tax authorities regarding ineligible input tax credits. The company made this disclosure under Regulation 30 of SEBI Listing Regulations, providing detailed information about the order and its financial implications.

GST Order Details

The Assistant Commissioner of CGST, East Division 8, GST East Commissionerate, Bengaluru issued the order dated March 31, 2026. The order was directly uploaded to the GST Portal, as per the company's disclosure.

Nature of Violation

The GST authorities identified that Input Tax Credit (ITC) of ₹6,31,858 pertaining to certain invoices was ineligible. According to the order, these credits were not reflected in the GSTR-2A for the relevant period, making them ineligible for claim.

The violation specifically relates to:

• IGST credits worth ₹6,31,858
• Invoices not appearing in GSTR-2A
• Credits claimed for the relevant period despite ineligibility

Financial Impact

The total financial demand comprises two components of equal value. The primary demand equals the ineligible ITC amount, while the penalty matches this figure exactly.

Company's Position

Expleo Solutions Limited has stated that the GST order will not have material impact on the company's operations. The management indicated that there is no significant effect expected on financials, operations, or other business activities despite the aggregate demand of ₹12,63,716.

The company fulfilled its regulatory disclosure obligations by providing comprehensive details under SEBI Circular requirements dated July 13, 2023, and December 31, 2024. The disclosure was signed by S. Sampath Kumar, Company Secretary and Compliance Officer, on April 01, 2026.

Expleo solutions Limited has announced the successful resolution of a tax dispute through the Vivad Se Vishwas Scheme 2024, receiving immunity against disputed tax obligations for Assessment Year 2012-13. The company disclosed this development to stock exchanges as part of its regulatory compliance obligations.

Tax Settlement Details

The Principal Commissioner of Income Tax 1, Chennai, issued an order dated March 20, 2026, which the company received on March 24, 2026. Under this settlement, Expleo Solutions has been granted complete immunity against disputed tax amounting to INR 49,59,847 without any payment requirement.

Background of Tax Dispute

The original tax dispute for Assessment Year 2012-13 arose from the disallowance of certain professional expenses due to non-deduction of Tax Deducted at Source (TDS). This resulted in additional tax liability that the company had been contesting.

The resolution came through Form 4, Order for Full and Final Settlement of Tax Arrear under Section 92(2) read with Section 93 of Finance (No 2) Act, 2024, under the Vivad Se Vishwas Scheme 2024.

Financial Impact Assessment

Expleo Solutions has clarified that this tax settlement will have no material impact on the company's financial position, operations, or other business activities. The immunity granted under the scheme effectively closes this long-standing tax matter without any financial outflow.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Clause 20 of Para A of Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided comprehensive details as required under SEBI circulars dated July 13, 2023, and December 31, 2024, ensuring full transparency with stakeholders regarding this regulatory development.