Innova captab Limited has successfully concluded GST proceedings that were initiated against the company, with the adjudicating authority dropping all proposed demands and penal actions. The company disclosed this development through a regulatory filing dated April 14, 2026, providing relief from potential financial liabilities.

GST Proceedings Background

The proceedings originated from a Show Cause cum Demand Notice dated October 15, 2025, issued under section 74 of the Central Goods & Services Tax Act, 2017. The notice was issued by the Central Goods & Services Tax Commissionerate, Regional Unit, Shimla, and involved a substantial financial demand against the company.

Favorable Resolution Details

The adjudicating authority issued Order-in-Original No. GEXCOM/ADJN/GST/ADC/2019/2025-ADJ(ADC/JC)-O/O COMM-RCGST-SHIMLA - I/4215522/2026 dated April 14, 2026, concluding the matter favorably for the company. The key outcomes include:

Company's Response and Compliance

Innova Captab had filed its response to the show cause notice within the prescribed timelines, accompanied by all necessary supporting documents. The company's proactive approach in addressing the authority's concerns and providing comprehensive documentation contributed to the favorable outcome.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company had initially informed the exchanges about the show cause notice through a letter dated October 16, 2025, maintaining transparency with stakeholders throughout the proceedings.

Financial Impact

With the conclusion of these proceedings, Innova Captab Limited faces no financial liability related to this GST matter. The dropped demand of ₹15,81,37,255.40 represents a significant relief for the company, eliminating potential financial burden and associated compliance costs. The matter now stands fully concluded with no pending obligations.

Innova Captab Limited has submitted its quarterly compliance certificate to BSE and NSE for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations 2018.

Regulatory Compliance Filing

The company filed the mandatory certificate pursuant to Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Neeharika Shukla submitted the documentation to both stock exchanges on April 08, 2026.

Certificate Confirmation

KFin Technologies Limited, serving as the company's Registrar & Share Transfer Agent, issued the compliance certificate dated April 07, 2026. The certificate covers the period from January 01, 2026, to March 31, 2026.

Key Certificate Details:

• No dematerialization requests received during the quarter
• No rematerialization requests received during the quarter
• Full compliance with SEBI (Depositories and Participants) Regulations 2018
• Certificate signed by Dnyanesh Gharote, Vice President at KFin Technologies Limited

Stock Exchange Information

Innova Captab Limited trades on both major Indian stock exchanges with the following identifiers:

Company Operations

Innova Captab Limited operates from its facility located at Plot No. 320, Industrial Area, Phase-1, Panchkula, Haryana. The company maintains its registered office in Navi Mumbai and works with KFin Technologies Limited for registrar and share transfer services.

The quarterly filing demonstrates the company's commitment to maintaining regulatory compliance and transparent communication with stakeholders and stock exchanges.