Jyoti CNC Automation wins GST appeal, ₹4.46 crore demand set aside

Jyoti CNC Automation has secured a favorable outcome in a Goods and Services Tax (GST) litigation appeal, resulting in the setting aside of a tax demand of ₹4,45,59,720. The order, dated May 29, 2026, was issued by the Commissioner (Appeal), Central GST & Excise, Rajkot, overturning the previous directive passed by the Additional Commissioner, Central GST, Rajkot. This development removes a significant financial liability for the company, as the entire demand has been dropped.

The dispute originated from an order issued by the Additional Commissioner, Central GST, Rajkot, which had levied the total demand. Following the appeal, the Commissioner (Appeal) ruled in favor of the company, annulling the alleged order and the subsequent demand. The intimation regarding this update was submitted to the stock exchanges on May 31, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

With the demand set aside, Jyoti CNC Automation is now eligible to claim a refund of the amount that was previously paid under protest. The company stated that there are no further claims or penalties associated with this litigation. The resolution of this case is expected to improve the company's cash flow position as the funds held under protest are released.

The following table summarizes the key details of the litigation and the outcome:

Sr. No.	Particular(s)	Information
1	Name of Opposite Party	Additional Commissioner, Central GST, Rajkot
2	Authority Passing Order	Commissioner (Appeal), Central GST & Excise, Rajkot
3	Date of Order	May 29, 2026
4	Original Demand	₹4,45,59,720
5	Outcome	Demand set aside
6	Financial Implication	Eligible for refund of amount paid under protest

The disclosure was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with clause 8 of Para B of Part A of Schedule III of the Listing Regulations. The company confirmed that the litigation did not involve its key management personnel, promoters, or ultimate persons in control.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+6.07%	-3.45%	-16.38%	-34.04%	-51.58%	+46.08%

Jyoti CNC Automation Limited has informed the stock exchanges that its officials will participate in an upcoming investor conference. The meeting is scheduled to take place in Mumbai on June 1, 2026, as part of the Axis Capital Conference.

Event Details

The company disclosed that the interactions would include both group meetings and one-on-one sessions. The event is set to commence at 9:00 AM onwards. The intimation was made in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Information

The following table outlines the key details of the scheduled conference:

Date & Time	Event	Nature of Meeting	Place
1st June 2026 9:00 AM Onwards	Axis Capital Conference	Group / 1*1 Meeting	Mumbai

Disclosure Guidelines

Jyoti CNC Automation clarified that the discussions during the conference will be strictly based on publicly available information. The company explicitly stated that no unpublished price sensitive information (UPSI) is intended to be discussed during these interactions. It also noted that changes to the schedule may occur due to exigencies on the part of the host or the company.