Sudarshan Chemical Industries Limited has received multiple GST demand orders from Chennai tax authorities totaling ₹12.56 lakh across five financial years. The company disclosed this development in a regulatory filing under SEBI Listing Regulations on 1st April, 2026.

GST Demand Orders Overview

The Office of the Superintendent of GST and CE, Range IV: Valasaravakkam Division Chennai, South Commissionerate, Tamil Nadu issued five separate GST DRC-07 orders dated 31st March, 2026. These orders cover consecutive financial years from 2019-20 to 2023-24, following completion of tax audits for each period.

Financial Impact Breakdown

The total demand across all five orders amounts to ₹12.56 lakh, comprising tax, interest, and penalties:

Company's Response and Legal Position

Sudarshan Chemical Industries has expressed confidence in its position regarding all points raised by the tax authorities. The company believes it has a strong case and is in the process of filing appeals before the appropriate authority for each order. All demand orders are appealable under GST regulations.

Expected Business Impact

The company has stated that it expects no impact on its financial, operational, or other activities due to the issuance of these orders. This assessment is based on management's confidence in the appeal process and their belief in having valid grounds to contest the demands.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, 2015, and follows the requirements outlined in the SEBI Master Circular dated 30th January, 2026. The company has also uploaded this information on its official website at sudarshan.com for stakeholder access.

Sudarshan Chemical Industries Limited has announced a scheduled analyst and institutional investor interaction with DSP Mutual Fund, demonstrating the company's commitment to maintaining transparent communication with stakeholders and compliance with regulatory requirements.

Meeting Details and Schedule

The interaction has been organized as a structured engagement between the company and institutional investors. The meeting specifics have been clearly outlined to ensure proper coordination and regulatory compliance.

Regulatory Compliance Framework

The announcement has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. This regulation mandates listed companies to inform stock exchanges about material events and information that could impact investor decisions.

The company has proactively disclosed this interaction to both major stock exchanges - BSE Limited and National Stock Exchange of India Limited - ensuring full transparency in its investor engagement activities.

Important Disclaimers and Conditions

Sudarshan Chemical Industries has provided several important clarifications regarding the scheduled meeting:

• The meeting details remain subject to change due to potential exigencies
• Logistical disorders may necessitate schedule modifications
• Last-minute conflicts from analysts, institutional investors, or company representatives could impact timing
• No unpublished price sensitive information will be discussed during the interaction

The company has emphasized that it does not intend to share any material non-public information during these meetings, maintaining strict adherence to insider trading regulations and fair disclosure practices.

Corporate Governance and Transparency

This scheduled interaction reflects the company's ongoing commitment to maintaining regular dialogue with institutional investors and analysts. Such meetings are essential components of corporate governance frameworks, enabling institutional stakeholders to better understand company operations, strategies, and performance metrics.

The formal notification was signed by Mandar Velankar, General Counsel and Company Secretary, on March 16, 2026, ensuring proper authorization and documentation of the announcement.