Flair Writing Industries Limited has received a favorable order from tax authorities, with proceedings under Section 74 of the Central Goods and Services Tax Act, 2017 being dropped for the financial year 2017-18. The company disclosed this development through a regulatory filing dated February 06, 2026, pursuant to Regulation 30 of SEBI listing regulations.

Tax Proceedings Details

The Office of the Additional Commissioner of CGST & C. Ex., Mumbai East Commissionerate issued an order dropping the proceedings that were initially initiated against the company. The original case pertained to disallowed Input Tax Credit (ITC) for FY 2017-18, which had resulted in significant financial implications for the company.

Financial Impact Resolution

The company had initially received an order under Section 74 of the CGST Act, 2017 read with corresponding provisions of the Maharashtra Goods and Services Tax Act, 2017. This order had disallowed Input Tax Credit pertaining to FY 2017-18 and raised a demand for IGST amounting to Rs. 14,65,271/- along with an equivalent penalty of Rs. 14,65,271/-.

Resolution Process

Following the initial demand, Flair Writing Industries submitted necessary documents and provided a detailed reply to the appropriate authority. The company's response and supporting documentation were sufficient to convince the tax authorities to drop the proceedings entirely. As a result of this favorable order, the company is no longer liable to pay any tax or penalty related to this matter.

Business Impact Assessment

The company has stated that there is no material impact on its financials, operations, or other activities due to this development. The dropping of proceedings eliminates a potential financial liability and provides clarity on the tax matter that had been pending since FY 2017-18. This resolution allows the company to focus on its core business operations without the overhang of this tax dispute.

Flair Writing Industries Limited has announced its participation in an investor conference, providing stakeholders with an opportunity for direct interaction with company officials. The announcement comes as part of the company's ongoing investor engagement initiatives.

Conference Details

The company will participate in the Nuvama Institutional Equities India Conference with comprehensive engagement planned for institutional and retail investors.

Regulatory Compliance

The company has issued this intimation in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification specifically references Regulation 30(6) read with Para A of Part A of Schedule III of the said Regulations.

Flair Writing Industries Limited has emphasized that all discussions during the conference will be based exclusively on publicly available information. The company has explicitly stated that no unpublished price-sensitive information is intended to be discussed during the investor interactions.

Meeting Structure

The conference format will accommodate both individual and group investor meetings, allowing for flexible engagement opportunities. The extended timeframe from 10 am to 5 pm IST provides ample opportunity for comprehensive discussions with various investor categories.

The company has noted that the meeting schedule may undergo changes due to exigencies on the part of participants or the company. This flexibility ensures that the conference can adapt to any unforeseen circumstances while maintaining its core objectives of investor engagement and transparency.