Harish Textile Engineers Limited has received a GST scrutiny notice from tax authorities in Maharashtra, requiring the company to address discrepancies identified in its goods and services tax returns for the previous financial year.

Notice Details and Timeline

The company received the notice on January 13, 2026, from the Office of the Deputy Commissioner of State Tax, Ambad_505, Nashik, Maharashtra. The notice was issued under Section 61 of the CGST/SGST Act, 2017, in Form GST ASMT-10, specifically targeting the company's GSTR-3B returns for Financial Year 2023-24, covering the period from April 2023 to March 2024.

Financial Implications

The scrutiny has identified provisional discrepancies in the company's GST returns amounting to approximately ₹26.72 lakh. However, this amount is subject to reconciliation and explanation by the company. The notice seeks clarification regarding certain discrepancies observed during the examination of the returns, with detailed information provided in the annexure to the notice.

Company Response Strategy

Harish Textile Engineers Limited has acknowledged receipt of the notice and is taking appropriate steps to address the matter. The company is currently examining the notice in detail and plans to submit its response within the prescribed timeline of February 13, 2026. The response will be prepared based on advice from the company's tax consultants.

The company has emphasized that at this stage, the notice is only seeking explanations and clarifications, and there is no quantifiable financial impact determined as of now. The management has assured that they will comply with all regulatory requirements and submit their reply within the stipulated timeframe.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has fulfilled its obligation to inform stakeholders about material developments that could impact its operations.

The notice represents a routine regulatory scrutiny process, and the company has indicated that it will work with tax authorities to resolve any discrepancies identified during the examination of its GST returns for the specified period.

Harish Textile Engineers Limited has disclosed that the National Company Law Tribunal (NCLT) hearing regarding a petition filed by creditor Kamlesh Corporation has been adjourned to February 6, 2026. The adjournment was necessitated due to audio-video connectivity issues experienced by the applicant's counsel during the proceedings.

NCLT Hearing Details

The company received the Order Sheet of Hearing dated January 5, 2026, from the official website of the Hon'ble NCLT Mumbai Bench on January 13, 2026. The tribunal directed that the matter be re-listed following the technical difficulties encountered during the hybrid hearing.

Case Background

The petition was filed by Kamlesh Corporation against Harish Textile Engineers Limited regarding alleged outstanding dues payable to the creditor. This disclosure follows the company's earlier intimation dated December 12, 2025, when the initial petition was filed before the NCLT Mumbai.

Financial and Operational Impact

The company has assessed the current situation and provided the following impact analysis:

Company's Response Strategy

Harish Textile Engineers Limited has confirmed that it has taken note of the tribunal's order and will act accordingly in consultation with its legal counsel. The company stated it is seeking legal advice and will attend and respond at the scheduled hearing on February 6, 2026.

Regulatory Compliance

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has requested BSE Limited to take this information on record as compliance with the regulatory requirements.

The communication was signed by Sandeep Gandhi, Managing Director (DIN: 00941665), and submitted to BSE Limited on January 13, 2026, from Mumbai.