Aditya Birla Fashion & Retail Limited has received a significant tax demand order from the Deputy Commissioner of State Tax, Mumbai, totaling ₹13.77 crores. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

Tax Demand Breakdown

The order, issued in Form DRC-07, comprises multiple components that make up the total demand:

Nature of Dispute

The demand order stems from audit proceedings and relates to disputes over input tax credit claims. The specific violations alleged by the tax authority include:

• Mismatch of outward liability with GSTR-1 vs GSTR-9
• Mismatch in Import ITC with GSTR-2A

These discrepancies were identified during the conclusion of audit proceedings conducted by the Mumbai tax office.

Company's Response and Impact Assessment

Aditya Birla Fashion & Retail has maintained a firm stance regarding the tax demand. The company believes that the demand is not tenable as per existing law and has announced its intention to file a suitable appeal before the Appellate Authority.

Regarding operational impact, the company has stated that there is no impact on its financial operations or other activities. This suggests that Aditya Birla Fashion & Retail views the demand as a procedural matter that can be resolved through the appellate process.

Regulatory Compliance

The company made the disclosure in compliance with SEBI Listing Regulations and relevant SEBI circulars. The regulatory filing was signed by the Company Secretary and Compliance Officer, ensuring proper authorization and compliance with disclosure requirements.

Aditya Birla Fashion & Retail Limited has received a significant tax demand order from GST authorities, totaling ₹6.90 crores. The company disclosed this development through a regulatory filing under SEBI Listing Regulations on December 11, 2025.

Tax Demand Breakdown

The Joint Commissioner, Corporate Circle, Kanpur II, Uttar Pradesh issued the demand order dated December 9, 2025, following scrutiny proceedings. The financial impact is structured across multiple components:

Nature of Violations

The demand order addresses several GST compliance issues identified during the scrutiny process:

• Input Tax Credit Claims: Disputes over credit claims on grounds of vendor default in non-filing of returns
• Credit Note Disclosure: Disallowance of credit notes not disclosed in GSTR-1 returns
• Financial Reconciliation: Issues related to other income and expenses as per Annual Balance Sheet
• E-way Bill Compliance: Reconciliation discrepancies in e-way bill filings
• Trade Payables: Matters concerning trade payables as reflected in the Balance Sheet

Company's Response and Impact Assessment

Aditya Birla Fashion & Retail has maintained that the demand will not impact its financial, operational, or other business activities. The company's management believes the demand is not tenable under applicable law and has expressed intent to file a suitable appeal before the Appellate Authority.

The company acknowledged an unintentional delay in disclosure, stating the matter was reported swiftly once it was brought to the notice of appropriate company executives. This regulatory disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations and related circulars.

Regulatory Compliance Context

The disclosure follows the framework established under SEBI Listing Regulations, specifically addressing requirements for material events that could impact investor interests. The company received the order on December 9, 2025, and disclosed it to stock exchanges within the prescribed timeframe following internal review processes.