speciality restaurants announced that the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has set aside a service tax demand of ₹7.87 crore through an order dated July 15, 2026. The tribunal ruled in favour of the company, finding no merit in the previously adjudged demands regarding the reversal of CENVAT Credit. This decision resolves a long-standing litigation matter concerning the period from August 2012 to March 2015.

The dispute originated with a show cause-cum-demand notice dated February 18, 2016, issued by the Commissioner of Service Tax, Audit-III, Mumbai. The notice alleged that the company failed to reverse CENVAT Credit as per rules during the specified period. Following an order dated October 31, 2018, which confirmed the demands, the company preferred an appeal at the appropriate levels.

Legal Proceedings and Outcome

The Hon'ble CESTAT reviewed the impugned order dated October 31, 2018. In its final order dated July 15, 2026, the tribunal stated that it did not find any merits in the impugned order insofar as it confirmed the adjudged demands on the company. Consequently, the tribunal set aside the order and allowed the appeal in favour of the appellants.

The disclosure was made to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially informed the exchanges regarding the receipt of the notice on February 23, 2016.

Speciality Restaurants Limited promoters have confirmed that they did not create any encumbrance on the equity shares held directly or indirectly during the financial year 2025-26. This declaration, submitted to the stock exchanges, ensures that the shareholding of the promoter group remains unpledged for the specified period. The disclosure is significant as it indicates the promoters' stake is free from charges, which is a key indicator of financial stability for investors.

The declaration was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters to disclose any encumbrance on their holdings to ensure transparency in the shareholding pattern. The confirmation was provided as on March 31, 2026, covering the entire financial year.

The following individuals, categorized as promoters and promoter group members, are covered under this declaration:

The filing was addressed to the General Manager of Listing Operations at BSE Limited and the Vice President of the Listing Compliance Department at the National Stock Exchange of India Limited. Copies of the declaration were also marked to the Compliance Officer and the Chairman of the Audit Committee of Speciality Restaurants Limited.