Abril Paper Tech Limited has informed the stock exchanges about receiving a GST demand intimation from tax authorities totaling ₹2,90,66,298 for alleged short payment of taxes across two financial years. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on 23rd January, 2026.

GST Intimation Details

The company received intimation DRC-01A dated 22/01/2026 from the Directorate General of GST Intelligence Surat Zonal Unit on 22nd January, 2026 at 7:19 pm via email. The intimation pertains to tax ascertained as being payable under section 74(5)/74A(9) of the GST Act for FY 2023-24 and 2024-25.

Breakup of Tax Demand

The total demand of ₹2,90,66,298 comprises various GST components across two financial years:

Nature of Allegations

The GST authorities have alleged short payment of taxes due to application of lower tax rates. The intimation indicates that GST short paid/not paid along with interest and applicable penalty appears liable to be recovered from the company.

Company's Response

Abril Paper Tech has stated that based on its assessment, the demand is not maintainable. The company is currently evaluating the matter and will submit its reply within the prescribed time limit. Management has indicated that it does not envisage any relevant impact on the company's financials, operations, or other activities due to this demand.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company's scrip code is 544500 with ISIN INE15MX01014 and symbol ABRIL on BSE.

Abril Paper Tech Limited , a paper manufacturing company, has reported a net loss of Rs 107.27 lakh for the half year ended September 30, 2025. This marks a significant shift from the profit of Rs 56.81 lakh recorded in the corresponding period last year.

Financial Performance

Despite the loss, the company's total income saw an increase, rising to Rs 3,805.53 lakh from Rs 2,769.13 lakh in the previous year. However, higher expenses led to the reported loss. The earnings per share (EPS) for the period declined to -2.27 from 1.97 in the previous year.

Key Financial Metrics

All financial figures in Rs. lakh, except EPS

Board Meeting and Financial Review

The Board of Directors of Abril Paper Tech Limited convened on November 13, 2025, to review and approve the unaudited standalone financial results for the half year ended September 30, 2025. The meeting, which commenced at 4:00 PM and concluded at 6:15 PM, also addressed other corporate matters.

Auditor's Review

K. K. Haryani & Co., Chartered Accountants, conducted a limited review of the financial results. Their report, dated November 13, 2025, stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Corporate Developments

In addition to the financial results, the company made several corporate announcements:

1. Appointment of M/s. N R Shah & Co, Practicing Company Secretary, as the Secretarial Auditor for the Financial Year 2025-26.
2. Appointment of M/s. R. M. Hariyani & Co, Chartered Accountants, as the Internal Auditor for the Financial Year 2025-26.
3. Approval for the execution of a rent agreement for new premises located at Block no.9, Plot no.392 to 394, Shubham Textile Hub, Vill-Lindiad Ta-Mangrol Dis-Surat, Gujarat. The company plans to set up an additional manufacturing facility at this location.

IPO Fund Utilization

The company reported no deviation or variation in the utilization of proceeds from its initial public offering (IPO) during the period from April 01, 2025, to September 30, 2025.

Investors and stakeholders are advised to consider these financial results and corporate developments when evaluating their investment decisions related to Abril Paper Tech Limited.