Nila Infrastructures Limited Reports Promoter Group Share Transfer of 1.36 Crore Equity Shares

Nila Infrastructures Limited has reported a significant intra-promoter group share transfer involving the gift of 1,36,00,000 equity shares. The transaction, completed on 27-03-2026, represents a substantial redistribution of shareholding within the company's promoter group through off-market transfers.

Share Transfer Details

The share transfer involved two separate gift transactions from sons to their mother within the Vadodaria family. Both Siddharth R Vadodaria and Karan R Vadodaria individually gifted 68,00,000 equity shares each to Mrs. Chhayaben R Vadodaria.

Transfer Details:	Amount
Total Shares Transferred:	1,36,00,000 equity shares
Percentage of Total Capital:	3.46%
Individual Transfer (Each Son):	68,00,000 shares (1.73%)
Transfer Date:	27-03-2026
Transfer Mode:	Gift (Off-market)

Shareholding Changes

The transfer resulted in significant changes to individual shareholdings within the promoter group. Chhayaben R Vadodaria's stake increased substantially, while both sons' holdings were completely transferred.

Shareholder:	Before Transfer	After Transfer	Change
Chhayaben R Vadodaria:	43,00,000 shares (1.09%)	1,79,00,000 shares (4.55%)	+1,36,00,000 shares (+3.46%)
Siddharth R Vadodaria:	68,00,000 shares (1.73%)	0 shares (0%)	-68,00,000 shares (-1.73%)
Karan R Vadodaria:	68,00,000 shares (1.73%)	0 shares (0%)	-68,00,000 shares (-1.73%)

Company Capital Structure

The company's total equity share capital remained unchanged following the transfer. Nila Infrastructures Limited maintains its existing capital structure with no dilution or expansion of share capital.

Capital Structure:	Details
Total Equity Capital:	INR 39,38,89,200
Number of Shares:	39,38,89,200 equity shares
Face Value per Share:	INR 1
Listing Exchanges:	BSE Limited, National Stock Exchange

Regulatory Compliance

The transactions were disclosed in compliance with SEBI regulations governing substantial acquisition of shares and insider trading. All parties submitted necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2)(a) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The company's management confirmed receipt of all required documentation and submitted the disclosures to both BSE Limited and National Stock Exchange of India Limited for regulatory compliance and public record.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.20%	+3.45%	+26.09%	-14.79%	-8.90%	+97.73%

Nila Infrastructures Limited has achieved a significant legal victory in its tax dispute with the CGST Department, with the Appeals Commissioner allowing the company's appeal and completely setting aside the original departmental order. The favorable ruling relieves the company of substantial financial liabilities that had been imposed earlier.

Appeal Victory Details

The Office of the Commissioner (Appeals) CGST - Jodhpur issued an order dated 27 February 2026, which was received by the company on 13 March 2026. This appellate order has allowed the company's appeal in its entirety and set aside the impugned order of the CGST Department.

Parameter:	Details
Appellate Authority:	Office of the Commissioner (Appeals) CGST - Jodhpur
Order Date:	27 February 2026
Receipt Date:	13 March 2026
Nature of Order:	Appeal allowed, original order set aside

Original CGST Department Action

The GST Department had initially taken adverse action against Nila Infrastructures through an order by the Assistant Commissioner CGST – Jodhpur. The department had alleged contraventions under specific provisions of the CGST Act 2017.

Violation Details:	Amount (₹)
Disallowed ITC:	50,50,133
Penalty Imposed:	50,50,133
Legal Provisions:	Section 140(3) and 142(11)(c) of CGST Act 2017
Alleged Issue:	Wrongful availment in TRAN-01

The department had contended that the company wrongly availed Input Tax Credit aggregating ₹50,50,133 in TRAN-01, which led to the disallowance and imposition of an equivalent penalty amount.

Financial Impact and Relief

The successful appeal has provided substantial financial relief to Nila Infrastructures. The company is no longer required to make payment of the disallowed ITC amount along with the penalty and associated interest charges.

Key Financial Benefits:

Relief from disallowed ITC payment of ₹50,50,133
Waiver of penalty amount of ₹50,50,133
No liability for interest charges on the above amounts
Complete closure of the matter with no outstanding dues

The Appeals Commissioner's decision has effectively closed the matter, with all disallowed amounts, interest, and penalties being set aside completely. This outcome represents a total financial relief exceeding ₹1 crore when considering the principal amounts and associated charges.

Regulatory Compliance

Nila Infrastructures has disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the company's earlier intimation dated 01 July 2024, which had informed about the receipt of the original CGST Department order.

The company received the Appeals Commissioner's order on 13 March 2026 at 10:33 AM and has promptly informed the stock exchanges about this favorable outcome. This successful resolution demonstrates the company's commitment to defending its legitimate tax positions through proper legal channels.