Everest Kanto Cylinder Limited has announced the commencement of commercial production at its Ratadiya Unit located in Mundra, Gujarat. The company made this announcement on December 31, 2024, through a regulatory filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Manufacturing Line Setup Complete

The company has successfully completed the setup of one of its manufacturing lines dedicated to cylinder production at the Ratadiya facility. This achievement represents a significant operational milestone as the company expands its manufacturing capabilities in Gujarat.

Commercial Operations Begin

Following the completion of the manufacturing line setup, Everest Kanto Cylinder has commenced both commercial production and dispatches of cylinders from the new facility. The following table summarizes the key details of this development:

Regulatory Compliance

The announcement was made in compliance with Clause 1 of Para B of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Vishal Totla signed the regulatory filing, ensuring proper adherence to disclosure requirements.

Corporate Communication

The company has indicated that this intimation will be made available on its official website at www.everestkanto.com , maintaining transparency with stakeholders regarding this operational development. This move aligns with the company's commitment to keeping investors and other stakeholders informed about significant business developments.

Everest Kanto Cylinder Limited has received a significant GST order from tax authorities regarding input tax credit discrepancies for the financial year 2021-22. The company disclosed this development on December 31, 2025, in compliance with SEBI listing regulations.

GST Order Details

The Deputy Commissioner, Lucknow Sector-22, issued an order under Section 73 of the Goods and Services Tax Act, 2017, addressing input tax credit mismatch issues. The order was dated December 31, 2025, and pertains to the tax period from April 2021 to March 2022.

Nature of Non-Compliance

The GST authorities identified excess input tax credit claimed by the company during FY 2021-22. According to the company's disclosure, the mismatch occurred because the relevant entries are not reflecting on the GST portal due to technical errors in the system.

Payment Timeline and Compliance

The GST order directs Everest Kanto Cylinder to make the payment by March 31, 2026. The authorities have warned that failure to comply within the stipulated timeframe will result in recovery proceedings against the company.

Company's Response and Action Plan

Everest Kanto Cylinder has outlined its strategy to address the GST order. The company stated that it expects no financial implications from this order, indicating confidence in resolving the matter. The company plans to file a rectification application and/or appeal as required within the prescribed timeframe once the Bill of Entry reflects on the GST portal.

The company has made this disclosure available on its website at www.everestkanto.com , ensuring transparency with stakeholders and compliance with regulatory requirements.