VST Industries Limited has received a GST demand order worth ₹73,78,194 from the Andhra Pradesh GST Authority, as disclosed in a regulatory filing dated April 8, 2026. The order was issued under Section 74 of the CGST Act/The Goods and Services Tax Act, 2017, and was received by the company on April 7, 2026.

GST Demand Details

The demand order pertains to alleged non-payment of refund amount proportional to the value of exports within the stipulated time period. The violations are specifically related to export proceeds that were not realized within the required timeframe during the financial years 2020-21 to 2023-24 for operations in Andhra Pradesh.

Nature of Alleged Violation

The GST authority has issued the demand order for non-payment of refund amount proportional to the value of exports on which export proceeds were not realized within the stipulated time during the specified financial years. This relates to the company's export operations in Andhra Pradesh state.

Company's Response and Financial Impact

VST Industries has stated that the maximum financial impact would be limited to the extent of the amount demanded. However, the company has expressed disagreement with the demand and indicated its intention to pursue appropriate appellate action against the order.

The company has disclosed this information in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as amended, ensuring transparency with stakeholders regarding material developments.

Regulatory Compliance

The disclosure was made through official communication to both BSE Limited and National Stock Exchange of India Limited, signed by Phani K. Mangipudi, Company Secretary and Vice President-Legal & Secretarial. The filing demonstrates the company's adherence to regulatory requirements for timely disclosure of material information that could impact its operations or financial position.

VST Industries Limited has successfully concluded its postal ballot process with shareholders providing overwhelming support for key leadership appointments. The company announced the results on April 3, 2026, following the completion of the e-voting period and scrutinizer's assessment.

Postal Ballot Results and Leadership Appointment

The primary resolution concerned the regularisation of Mr. Piyush Srivastava (DIN: 10775803) as a Director and his appointment as Managing Director & Chief Executive Officer for a five-year term commencing from March 2, 2026. The voting results demonstrated exceptional shareholder confidence in the leadership decision.

The resolution was passed with the requisite majority, with 99.9908% of votes cast in favour of the appointment. Notably, some shareholders exercised partial voting rights, with one shareholder casting votes partly in favour and partly against the resolution.

E-Voting Process and Participation

The electronic voting process was conducted over a month-long period, remaining open from 9.00 A.M. on March 5, 2026 (Thursday) to 5.00 P.M. on April 3, 2026 (Friday). The company facilitated participation through multiple channels to ensure comprehensive shareholder engagement.

Shareholders holding shares in either physical or dematerialized form as on the cut-off date of February 27, 2026, were entitled to participate in the electronic voting process. The company notified 1,45,475 members via email who had registered their email addresses with depositories or the company.

Scrutinizer's Report and Compliance

Mr. B. V. Saravana Kumar, a Practicing Company Secretary from Tumuluru & Company, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors pursuant to Section 110 of the Companies Act, 2013, and relevant rules under the Companies (Management and Administration) Rules, 2014.

The scrutinizer's report confirmed that the resolution was passed with the requisite majority in a fair and transparent manner. The votes were unblocked on April 3, 2026, and detailed results were downloaded from the e-voting platform. The company has submitted the voting results to BSE Limited and National Stock Exchange of India Limited under Regulation 44(3) of SEBI Listing Regulations, with the scrutinizer's report being uploaded on the company's website at www.vsthyd.com .

Corporate Governance and Regulatory Compliance

The postal ballot process was conducted in accordance with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintained transparency throughout the process, with proper documentation and timely disclosure to stock exchanges.

The appointment of Mr. Piyush Srivastava as Managing Director & CEO for a five-year term represents a significant leadership decision backed by strong shareholder confidence, as evidenced by the near-unanimous approval of 99.9908% of votes cast in favour of the resolution.