Shashijit Infraprojects Limited disclosed that its ongoing litigation regarding a leased property dispute with Vapi Municipal Corporation has been adjourned. The Hon'ble High Court of Gujarat postponed the hearing scheduled for September 14, 2026, to September 25, 2026.

The company filed this update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references previous updates issued on February 15, 2024, and multiple dates in June, July, and August 2026.

Case Status Details

The matter remains pending before the Gujarat High Court. No adjudication on the merits of the case has occurred as of the disclosure date. The dispute concerns leased property acquired from the Vapi Municipal Corporation, formerly known as Vapi Nagar Palika.

Regulatory Compliance

The company confirmed that the information is available on its website. The disclosure aligns with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026. No settlement terms or compensation details were reported, as the proceedings are still active.

Shashijit Infraprojects has received a demand-cum-show cause notice proposing a liability of ₹3,51,327 from the Central GST Daman Commissionerate. The notice, received on September 9, 2026, stems from a scrutiny of goods and services tax returns for FY22-23.

The company disclosed the development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The notice was issued by the Superintendent, Central GST, Range-I & III, Division-X, Daman Commissionerate.

Breakdown of Proposed Liability

The proposed recovery comprises three primary components related to alleged contraventions under the CGST Act, 2017. The amounts are currently at the show cause stage and remain subject to adjudication.

The total proposed liability also includes applicable interest on the excess input tax credit and penalties under relevant provisions.

Regulatory Context

The alleged violations involve the excess availment of input tax credit compared to the credit available in GSTR-2A for the fiscal year 2022-23. Additionally, the notice cites non-payment of late fees for delayed filing of GSTR-3B returns and non-payment of interest on delayed tax payments.

What the Numbers Show

The interest component constitutes the largest share of the proposed demand, accounting for approximately 69% of the total ₹3,51,327 liability. This indicates that the core dispute revolves around timing mismatches in tax payments rather than large-scale revenue discrepancies, as the principal excess ITC claim is relatively small at ₹93,177.