GTPL Hathway Limited has achieved a significant legal victory with the Joint Commissioner (Appeals), State Tax, Rudrapur setting aside a penalty of ₹45.90 lakh that was previously imposed on the company. The favorable order, dated January 07, 2026, also directs the refund of the amount paid by the company.

Background of the Penalty Case

The penalty matter originated from an order dated September 05, 2023, issued by the Assistant Commissioner, Rudrapur, Uttarakhand, which had levied a penalty of ₹45,90,396 on the company. GTPL Hathway had initially informed the stock exchanges about this penalty through a disclosure dated September 06, 2023, as required under regulatory obligations.

Appeal Outcome and Timeline

The company's appeal against the penalty order has been successful, with the Joint Commissioner delivering a favorable verdict. The key details of the resolution are presented below:

Regulatory Compliance and Disclosure

The company has maintained transparency throughout the process by providing timely updates to the stock exchanges. This latest disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, serving as an update to the original intimation from September 2023.

The successful appeal represents a positive development for GTPL Hathway, eliminating the financial burden of the penalty and securing the refund of any amounts previously paid in connection with the order. The company's proactive approach in challenging the penalty through proper legal channels has yielded favorable results.

GTPL Hathway Limited has announced that its Board of Directors will convene on January 12, 2026, to review and approve the company's quarterly financial performance. The meeting has been scheduled in accordance with regulatory requirements under SEBI listing obligations.

Board Meeting Details

The key details of the upcoming board meeting are outlined below:

Trading Window Restrictions

GTLP Hathway Limited has implemented trading window restrictions in line with its internal compliance framework. The company's trading window closure period began on January 1, 2026, and will remain in effect until 48 hours after the financial results are made public on January 12, 2026.

This closure period applies to directors, promoters, designated persons, and specified connected persons of the company and its material subsidiaries, as governed by the GTPL Code to Regulate, Monitor and Report Trading.

Regulatory Compliance

The board meeting announcement has been made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

The notification was signed by Shweta Sultania, Company Secretary and Compliance Officer, and has been communicated to both BSE Limited and National Stock Exchange of India Limited for their records.

Market Information

GTLP Hathway Limited trades on major Indian stock exchanges with the following identifiers:

Investors and stakeholders can expect the company's Q3FY26 financial results to be announced following the board meeting on January 12, 2026.