Gopal Snacks Ltd has closed its trading window effective October 1, 2026. The restriction remains in force until 48 hours after the company declares its financial results for the quarter and half year ended September 30, 2026.

This action is taken in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. Designated persons and their immediate relatives are prohibited from dealing in the securities of the company during this period.

Board meeting date to be announced

The specific date for the Board Meeting to approve the unaudited financial results will be intimated in due course. The closure applies to all designated persons as defined under the regulatory framework.

Gopal Snacks received a show cause notice from the Assistant Commissioner of State Tax, Modasa, regarding GST liabilities for FY22-23. The notice demands a total of ₹4.11 crore, including tax, interest, and penalty.

The company disclosed the receipt on September 21, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice pertains to its facility in Modasa, Gujarat.

Notice Details

The action was initiated under Section 73 of the CGST Act, 2017. The tax authority raised concerns about the availment of Input Tax Credits and reversals under respective rules for the financial year 2022-23. The demand also covers input tax credit reconciliatory aspects.

Company Stance

Gopal Snacks stated there is no material impact on its financials, operations, or other activities due to this intimation. The company expressed confidence in providing necessary documentary submissions and explanatory workings to have the show cause notice dropped.

It committed to updating stock exchanges on any material developments in the matter. The disclosure was signed by Mayur Gangani, Head — Legal & Compliance and Company Secretary.