Acutaas chemicals Limited has received significant relief in a pending GST matter, with the appeals authority dropping a demand of Rs. 15.44 lakhs along with associated interest and penalty. The company informed BSE about this favorable development through a regulatory filing on January 27, 2026.

GST Demand Resolution Details

The Additional Commissioner, Central GST & Central Excise, Appeals Commissionerate, Surat, issued an order dated January 20, 2026, dropping the entire demand that was previously raised against the company. The original demand pertained to alleged ineligible Input Tax Credit (ITC) claims.

Background and Timeline

The company had previously received an order under section 74(9) of the Central Goods and Service Tax Act, 2017, from the Office of the Superintendent, Central Goods and Service Tax, Surat, which was communicated to the exchange on February 4, 2025. The matter involved claims for certain alleged ineligible Input Tax Credit.

Financial Impact Assessment

According to the company's disclosure, there is no impact on financial, operational, or other activities of the listed entity following this favorable order. The resolution of this matter eliminates the potential financial liability that was hanging over the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary & Compliance Officer Ekta Kumari Srivastava signed the regulatory filing, ensuring proper compliance with listing obligations.

Conclusion

This development represents a positive outcome for Acutaas Chemicals Limited, as the company successfully contested the GST demand through the appeals process. The dropping of the Rs. 15.44 lakhs demand along with interest and penalty removes a potential financial burden and regulatory overhang from the company's operations.

AcutaaS Chemicals has officially inaugurated Phase 1 of its new "State of the Art" manufacturing block dedicated to electrolyte additives and battery chemicals production at its Jhagadia facility on January 19, 2026. The company informed stock exchanges about this significant milestone under Regulation 30 of SEBI (LODR) Regulations, 2015. The new facility is expected to add 30% revenue to the company's annual production.

Facility Inauguration and Revenue Impact

The newly inaugurated Phase 1 manufacturing block is located at the company's existing Unit-III Jhagadia facility. This development follows the company's earlier intimation to exchanges dated December 11, 2024, regarding the upcoming facility expansion. The dedicated facility for battery chemicals production is projected to contribute significantly to the company's revenue growth.

Strategic Manufacturing Enhancement

This Phase 1 inauguration represents a significant step in AcutaaS Chemicals' expansion strategy in the battery chemicals segment. The dedicated manufacturing block for electrolyte additives and battery chemicals positions the company to capitalize on the growing demand in the battery technology sector. The facility is strategically located at the existing Jhagadia complex, leveraging the company's established infrastructure and operational expertise.

Regulatory Compliance and Disclosure

AcutaaS Chemicals has fulfilled its regulatory obligations by informing both stock exchanges about the facility inauguration. The intimation was made pursuant to Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the inauguration details available on its official website at www.acutaas.com , ensuring transparency and accessibility of information for all stakeholders.

Production Capacity Enhancement

The new manufacturing block dedicated to battery chemicals production represents a substantial enhancement to the company's production capabilities. With the potential to add 30% revenue to annual production, this facility inauguration marks a strategic milestone in AcutaaS Chemicals' growth trajectory in the specialized chemicals sector. Company Secretary & Compliance Officer CS Ekta Kumari Srivastava signed the official communication to the stock exchanges.