Grindwell Norton GST Demand Dropped to Nil

Grindwell Norton Limited has received a favorable order from the Kerala State GST Department, completely dropping a demand of ₹3.49 lakh to nil for the financial year 2021-22. The company disclosed this development under Regulation 30 of the SEBI Listing Regulations.

GST Demand Resolution Details

The favorable order was received from the Office of the State Tax Officer, Tax Payer Service Circle, Kerala State Goods & Services Tax Department, Tripunithura, Ernakulam. The resolution pertains to a Show Cause Notice (SCN) issued earlier regarding the company's tax position for the financial year 2021-22.

Parameter	Details
Authority	Office of the State Tax Officer, Kerala GST Department
Original Demand	₹3.49 lakh
Revised Demand	Nil
Financial Year	2021-22
Form Reference	GST DRC-07

Background and Resolution

The GST demand originated from a Show Cause Notice which questioned the Input Tax Credit (ITC) claimed by the company for FY2021-22. Following the department's review, the ITC claimed by Grindwell Norton was found to be eligible, leading to the complete withdrawal of the demand.

Regulatory Compliance

The company has confirmed that there are no violations or contraventions committed or alleged to be committed in this matter. The resolution validates the company's tax compliance practices and demonstrates the legitimacy of its ITC claims for the period in question.

Financial Impact

According to the regulatory disclosure, the favorable order has no quantifiable impact on the financial, operational, or other activities of the company. The resolution eliminates a potential liability and provides clarity on Grindwell Norton's tax position for FY2021-22, supporting its compliance framework and operational continuity.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.55%	+2.37%	-3.18%	-9.98%	-29.01%	+144.62%

Grindwell Norton Limited has received a GST order from tax authorities in Bengaluru, requiring the company to pay ₹29.77 lakhs towards tax, interest and penalty. The company disclosed this development to stock exchanges on December 11, 2025, under regulatory compliance requirements.

Order Details and Background

The order was issued by the Office of the Deputy Commissioner of Commercial Taxes, Bengaluru, and pertains to Input Tax Credit matters for the financial year 2021-22. The company received the official communication on December 11, 2025.

Parameter:	Details
Issuing Authority:	Office of the Deputy Commissioner of Commercial Taxes, Bengaluru
Order Amount:	₹29.77 lakhs
Components:	Tax, interest and penalty
Related Period:	FY 2021-22
Matter Type:	Input Tax Credit
Receipt Date:	December 11, 2025

Company's Response and Next Steps

Grindwell Norton has indicated that it is evaluating all available options to address the order, including the possibility of filing an appeal against the decision. The company is taking a measured approach to assess the best course of action regarding this tax matter.

Impact Assessment

The company has clarified that this GST order will not have any material impact on its financial, operational or other business activities. This assessment suggests that the order amount, while significant, is manageable within the company's current financial framework and does not pose operational challenges.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining transparency with stakeholders and regulatory compliance. The information was simultaneously communicated to both the National Stock Exchange of India Limited and BSE Limited.