Godfrey Phillips India Limited has received a GST order imposing a penalty of ₹11.98 lakh for alleged irregularities in Input Tax Credit utilization. The company disclosed this development under SEBI regulations on December 30, 2025, stating that it is evaluating appeal options against the order.

GST Order Details

The Office of the Assistant Commissioner, CGST Delhi East Commissionerate issued the order under the Central Goods and Services Tax Act, 2017, and the Delhi Goods and Services Tax Act, 2017, read with the Integrated Goods and Services Tax Act, 2017. The company received the order on December 29, 2025, at 3:56 PM through email.

Nature of Alleged Violations

The GST authorities have alleged irregular availment and utilization of Input Tax Credit under the GST laws. The order includes demand for GST with interest along with the penalty component. The company has been charged under multiple GST acts including the Central GST Act, Delhi GST Act, and Integrated GST Act.

Company's Response and Impact Assessment

Godfrey Phillips India has stated that the order has no material impact on the company's financials, operations, or other activities. The company is currently evaluating all available options, including filing an appeal against this order. This disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by providing detailed information about the GST order. The disclosure includes all required particulars as mandated by SEBI Master Circular and subsequent amendments, ensuring transparency for stakeholders and investors.

Godfrey Phillips India has reported a fire incident at a third-party tobacco manufacturing facility in Andhra Pradesh, prompting the company to file an insurance claim to cover the resulting damages.

Fire Incident Details

The fire occurred at a third-party tobacco plant that manufactures products for Godfrey Phillips India. The incident has resulted in damage to the facility, affecting the company's manufacturing operations through its external partner network.

Insurance Claim Filed

Following the fire damage, the company has taken immediate action to recover losses through its insurance coverage. The details of the insurance claim are outlined below:

Impact Assessment

The fire at the third-party manufacturing facility highlights Godfrey Phillips India's reliance on external manufacturing partners for its tobacco product portfolio. The insurance claim amount of ₹344.49 crores reflects the extent of the damage sustained at the facility.

The company's prompt filing of the insurance claim on December 23 demonstrates proactive measures to mitigate financial losses from the incident. The recovery of funds through insurance will be important for addressing the immediate impact of the facility damage and maintaining manufacturing operations continuity.