Delhivery Subsidiary Ecom Express Receives ₹3.55 Crore GST Order for FY 2021-22
Delhivery Limited disclosed that its subsidiary Ecom Express received a GST order totaling ₹3.55 crores for FY 2021-22, including ₹1.38 crores in confirmed tax, ₹1.04 crores in interest, and ₹13.82 lakhs in penalty. The order from Haryana tax authorities relates to disallowance of input tax credit. Ecom Express plans to file an appeal and expects no material impact on operations or financials.
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Delhivery Limited has informed stock exchanges about a GST order received by its subsidiary Ecom Express Limited on December 30, 2025. The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations on December 31, 2025.
GST Order Details
The Office of the Excise and Taxation Officer, Panipat - Haryana issued an order under Section 73 of the CGST/Haryana GST Act, 2017, for financial year 2021-22. The order confirms significant financial liabilities for Ecom Express Limited across multiple components.
| Component: | Amount (₹) |
|---|---|
| Tax Confirmed: | 1,38,17,039 |
| Interest Thereon: | 1,03,62,779 |
| Penalty Imposed: | 13,81,704 |
| Total Liability: | 3,55,61,522 |
Nature of Violation
The GST demand has been raised specifically on account of disallowance of input tax credit claimed by Ecom Express Limited. Input tax credit allows businesses to claim credit for taxes paid on inputs used in the course of business operations.
Company's Response and Impact Assessment
Ecom Express Limited plans to challenge the order through proper legal channels. The company has outlined its response strategy and impact assessment in the regulatory filing.
| Parameter: | Details |
|---|---|
| Planned Action: | Filing appeal with appellate authority |
| Financial Impact: | No material impact stated |
| Operational Impact: | No material impact stated |
| Other Activities Impact: | No material impact stated |
Regulatory Compliance
The disclosure was made under Regulation 30 of SEBI Listing Regulations, which requires listed companies to inform stock exchanges about material events. The filing was signed by Madhulika Rawat, Company Secretary and Compliance Officer of Delhivery Limited, with membership number F8765.
The company has also indicated that this disclosure will be hosted on Delhivery's official website at www.delhivery.com for public access and transparency.
Historical Stock Returns for Delhivery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.71% | +8.49% | +4.38% | +0.24% | +30.76% | -21.14% |
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