GKB Ophthalmics Ltd received a Notice of Demand from the Office of the Mamlatdar of Bardez Taluka, Mapusa, Goa on July 13, 2026, requiring the payment of Rs 8.82 Cr within 10 days. This demand arises from an order passed by the Labour Commissioner on September 04, 2025, for the recovery of funds from the company. The company intends to challenge the order before the Hon'ble High Court of Bombay by filing a writ petition seeking appropriate relief.

The development is related to ongoing litigation concerning an award passed by the Industrial Tribunal Panjim-Goa on May 25, 2021. The company is currently challenging this award through writ petition no. WP/358/2021 before the Hon'ble High Court of Bombay at Goa. Simultaneously, the matter was pending execution before the Labour Commissioner, leading to the recovery order and the subsequent demand notice.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Details of the Demand

The notice specifies a recovery amount of Rs 8.82 Cr and sets a strict deadline for payment. The company has clarified that it will consult with its legal counsel to contest the demand.

Legal Proceedings

The company is actively involved in legal proceedings regarding the original award by the Industrial Tribunal. The filing of a new writ petition to challenge the recovery order represents the latest step in its legal strategy to manage the financial and operational implications of the case.

Krishna Gopal Gupta & Sons (HUF), a promoter group entity, purchased 1,016 equity shares of GKB Ophthalmics Ltd between June 8 and June 17, 2026. The transactions were executed on the BSE for an aggregate value of ₹64,801.77. The disclosure was made pursuant to Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The purchases were made on the open market across five separate trading days. The Karta of the HUF, K.G. Gupta, undertook to preserve transaction details for three years and agreed to hold the acquired securities for a minimum period of six months. The entity confirmed that the transactions did not exceed the threshold limit prescribed under the regulations but were disclosed as a corporate governance measure.

Transaction Details

The following table outlines the specific acquisitions made by the promoter group entity:

The intimation regarding these transactions was submitted to the company on June 30, 2026. GKB Ophthalmics subsequently forwarded the disclosure to the Bombay Stock Exchange on the same day.