Shilchar Technologies concludes investor visit on June 5

Shilchar Technologies Limited hosted a group of investors at its manufacturing facility on June 5, 2026. The meeting was held at Block No. 460, Near Muval Sub-Station, Padra-Jambusar Highway, Gavasad, Vadodara, Gujarat. The company confirmed that no unpublished price sensitive information (UPSI) was shared or discussed during the interaction with company officials.

Event Details

The investor visit was organized to facilitate a direct interaction between the company's management and a group of investors. The disclosure regarding the outcome was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Location and Timing

Detail	Information
Date	June 5, 2026
Location	Block No. 460, Near Muval Sub-Station, Padra-Jambusar Highway, Gavasad, Vadodara, Gujarat, 391430
Participants	Group of Investors and Company Officials

The company secretary, Vishnupriya Civichan, signed the intimation sent to BSE Limited and National Stock Exchange of India Limited on June 5, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.56%	-0.29%	-20.67%	+7.69%	-2.70%	-2.70%

Shilchar Technologies Limited has informed stock exchanges of an order dated 30th April, 2026, issued by the Commissioner of Central Tax (Appeals), CGST and Central Excise, Vadodara, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was received by the company via email on 12th May, 2026, and the disclosure was filed on 13th May, 2026, by the Company Secretary and Compliance Officer.

Background of the GST Demand

The matter originates from a demand of Rs. 3,19,24,454/- that was confirmed by the Joint Commissioner of Central Tax, CGST and Central Excise, Vadodara - I, vide order VAD-GST-001-JC-111-2025-26 dated 26th March, 2026. The original demand was accompanied by applicable interest and a penalty equivalent to the tax demand of Rs. 3,19,24,454/-.

Key Details of the Appeal Order

The following table summarises the key particulars of the order as disclosed by the company under Regulation 30 of the SEBI Listing Regulations:

Parameter:	Details
Issuing Authority:	Commissioner of Central Tax (Appeals), CGST and Central Excise, Vadodara
Order Reference:	CAD-CGST-001-APP-Commr-020/013-2026-27
Order Date:	30th April, 2026
Date of Receipt:	12th May, 2026 (via email)
Original Demand Confirmed:	Rs. 3,19,24,454/-
Demand Set Aside:	Rs. 3,17,73,217/-
Demand to be Re-determined (u/s 73):	Rs. 1,64,50,315/-
Relevant Legislation:	Section 74, Section 73, Section 75(2) of the CGST Act, 2017

Outcome of the Appellate Order

The Commissioner of Central Tax (Appeals) was pleased to set aside the demand of Rs. 3,17,73,217/-, which inter-alia includes a direction to re-determine the demand of Rs. 1,64,50,315/- — originally raised under Section 74 of the CGST Act, 2017 — as per the provisions of Section 73, by directing the proper officer to do so while exercising powers under Section 75(2) of the CGST Act, 2017. The interest and penalty consequent to the tax demand of Rs. 3,17,73,217/- has also been set aside as part of the appellate order.

Impact on the Company

Shilchar Technologies has stated that the aforesaid order does not have any material impact on the financial position, operations, or other activities of the company. The disclosure was made in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, as well as SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.