Shivam Autotech Limited has disclosed receiving a significant GST order from tax authorities, involving substantial financial implications for the automotive component manufacturer. The company made this disclosure in compliance with SEBI listing regulations on April 1, 2026.

GST Order Details

The Central Goods and Services Tax Commissionerate, Dehradun, issued Order No. 82/ADC/DDN/2026 on March 31, 2026, under Section 74(9) of the CGST Act, 2017. The order was passed by the Additional Commissioner and pertains to the disallowance of Input Tax Credit (ITC).

Financial Impact

The GST order carries significant financial implications for the company, with the total exposure exceeding ₹45 crore when combining tax demand and penalties.

Company's Response

Shivam Autotech has expressed confidence in its position regarding the GST matter. The company believes it has a strong case on merits and characterizes the issue as a matter of reconciliation rather than a fundamental compliance violation.

The automotive component manufacturer has indicated its intention to contest the order through proper legal channels. The company plans to make its submissions before the appropriate forum within the timelines specified by the tax authorities.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. The company provided comprehensive details as required under the listing regulations, including the nature of violations alleged and potential financial impact.

This development represents a significant regulatory matter for Shivam Autotech, which operates in the automotive components sector and maintains its registered office in Gurugram, Haryana.

Shivam Autotech published its unaudited financial results for the quarter ended December 31, 2025, revealing deteriorating financial performance with widened losses and declining revenue. The automotive component manufacturer faced significant operational challenges during the third quarter of FY26.

Financial Performance Overview

The company's financial metrics for Q3 FY26 showed substantial deterioration across key parameters. Revenue from operations declined to ₹96.41 crores compared to ₹113.15 crores in the corresponding quarter of the previous year, representing a decrease of 14.78%.

Quarterly Loss Analysis

The company reported a net loss of ₹24.53 crores for Q3 FY26, marking a significant deterioration from the ₹11.86 crores loss in Q3 FY25. This represents more than a doubling of losses year-on-year. The loss before tax also increased substantially to ₹22.11 crores from ₹11.26 crores in the previous year.

Sequentially, the quarterly performance showed some improvement as the Q2 FY26 net loss was ₹12.42 crores, indicating that while losses remain elevated, the rate of deterioration may be stabilizing.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Shivam Autotech's cumulative performance reflected the challenging operating environment:

Earnings Per Share Impact

The deteriorating financial performance significantly impacted the company's earnings per share metrics. For Q3 FY26, both basic and diluted earnings per share stood at negative ₹1.87, compared to negative ₹0.97 in Q3 FY25. For the nine-month period, the EPS declined to negative ₹4.15 from negative ₹2.72 in the corresponding period of the previous year.

Equity Structure

The company's equity share capital remained stable at ₹26.30 crores during Q3 FY26, unchanged from the previous quarter but higher than the ₹24.44 crores recorded in Q3 FY25, indicating some equity infusion during the fiscal year.

Regulatory Compliance

Shivam Autotech published these results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The complete financial results are available on stock exchange websites and the company's official website for stakeholder reference.

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