Hindustan Tin Works Limited has received a GST Appeal Order from Commissioner (Appeals-I), CGST, Delhi, resulting in an upheld penalty of Rs. 3,73,60,481 for the period spanning July 2017 to March 2021. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations on April 22, 2026.

GST Appeal Order Details

The appeal order was received by the company on April 21, 2026, through courier. This order pertains to an appeal filed under Section 74 of the CGST Act, 2017, challenging the original order dated February 3, 2025, which the company had previously informed BSE about on February 4, 2026.

Company's Response and Next Steps

The company has indicated that it will file an appeal with the GST Appellate Tribunal in due course of time. According to the regulatory filing, Hindustan Tin Works Limited reasonably expects a favorable outcome at the appellate level, suggesting confidence in challenging the current decision.

Financial and Operational Impact

Based on the company's assessment, there is no material impact on operations or other activities due to the issuance of this order. The penalty amount of Rs. 3,73,60,481 includes GST along with applicable interest and penalty components as determined by the tax authorities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This filing ensures transparency regarding significant legal and regulatory developments affecting the company.

The company continues to maintain its operations while pursuing legal remedies to challenge the GST penalty through the appropriate appellate channels.

Hindustan Tin Works Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, made on April 4, 2026, covers the quarter ended March 2026 and demonstrates the company's commitment to maintaining proper regulatory compliance.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which governs the handling of securities dematerialization processes. The compliance documentation was prepared and certified by Beetal Financial & Computer Services (P) Limited, the company's appointed share transfer agent.

Certificate Confirmation

Beetal Financial & Computer Services (P) Limited, a SEBI-approved category I Registrar & Share Transfer Agent with registration number INR 000000262, provided comprehensive confirmation regarding the quarter's dematerialization activities. The certificate confirms that all securities received from Depository Participants for dematerialization during the quarter ended March 2026 were properly processed and confirmed to the depositories.

The share transfer agent also certified that security certificates received for dematerialization were appropriately mutilated and cancelled after due verification by the depository participant. Additionally, the names of the depositories were substituted in the register of members as registered owners within the mandated 15-day timeframe.

Company Information

Hindustan Tin Works Limited operates from its registered and corporate office located at 426, DLF Tower-A, Jasola, New Delhi. The company maintains its manufacturing operations at V. & P.O. Bhigan, Dhatoori Road, Teh. Gannour, Sonepat, Haryana. As an ISO 9001:2015 certified organization with certificate number Q-9122094946, the company demonstrates its commitment to quality management systems across its operations.

The compliance certificate was signed by Rajat Pathak, Executive Vice President (Finance) & Company Secretary, reflecting the company's senior management involvement in regulatory compliance matters. This quarterly filing represents part of the company's ongoing obligations to maintain transparency and regulatory adherence in its depository operations.