Shashijit Infraprojects has received an advisory letter from the Goods and Services Tax (GST) authorities concerning an aggregate tax liability of ₹43.92 lakh. The communication, dated October 21, 2026, relates to self-assessed tax and interest on delayed payments spanning FY23 to FY26.

The advisory was issued by the Superintendent, Range-III, Division-IX (Vapi-I), under the CGST & CE, Surat Commissionerate. The company disclosed this development to the BSE in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nature of the Advisory

The regulatory notice highlights specific contraventions related to the payment of taxes under the CGST/GGST Act, 2017. The authorities cited two primary issues:

• Interest on delayed payment of self-assessed tax for the fiscal years FY23 through FY26.
• Unpaid self-assessed tax specifically for April 2026.

The advisory references Section 50(1) of the CGST/GGST Act, which governs interest payments on late tax settlements. The total amount flagged by the authorities is ₹43,92,422.

Financial Impact Assessment

Shashijit Infraprojects stated that the financial impact, if any, remains subject to verification and reconciliation of the amounts mentioned in the advisory. The company noted that no specific operational impact has been indicated in the document received from the Surat Commissionerate.

What the Numbers Show

The advisory covers a multi-year period, indicating that the issue is not isolated to a single quarter but spans four fiscal years alongside a recent monthly default. The concentration of the liability across FY23–FY26 suggests a systemic delay in settling self-assessed tax obligations rather than a one-off oversight, although the company maintains that reconciliation is ongoing.

Shashijit Infraprojects announced that the hearing regarding its property lease dispute with the Vapi Municipal Corporation has been adjourned to October 23, 2026. The matter was scheduled for listing before the Hon'ble High Court of Gujarat on October 9, 2026, but could not be taken up for hearing.

The company disclosed this update in a filing to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dispute concerns a leased property acquired from the Vapi Municipal Corporation, formerly known as Vapi Nagar Palika. This development follows several earlier disclosures made by the company between February 2024 and September 2026 regarding the same litigation.

Litigation Status Update

The company confirmed that the case remains pending before the Hon'ble High Court of Gujarat. As of the date of the disclosure, no adjudication on the merits of the case has been made. The adjournment implies that the legal proceedings will continue without an immediate resolution or verdict in this specific session.

The filing clarified that the disclosure pertains solely to the status change of the proceedings. It did not involve any settlement terms, compensation payments, or penalties at this stage. Consequently, the impact on the financial position of the listed entity remains unquantified in this specific update, as no settlement has occurred.

Disclosure Details

The regulatory filing provided specific details required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026. The key elements of the disclosure are summarized below:

This update highlights the ongoing nature of the legal challenge faced by the infrastructure firm. Investors and stakeholders will await the next hearing date for further clarity on the resolution timeline. The company stated that this information will also be available on its official website.