Indag Rubber Limited , a leading manufacturer of tyre retreading materials, has received a GST notice demanding Rs 66.20 lakh for the financial year 2021-22. The notice, issued by the Assistant Commissioner, Annathanapatty, Salem, Tamil Nadu, cites wrong availment of Input Tax Credit on ineligible and blocked credit.

Details of the GST Demand

The GST demand breaks down as follows:

The notice was issued under Section 73(5) of the GST Act, 2017, covering the period from April 2021 to March 2022.

Company's Response

Indag Rubber has stated that it will file an appropriate response to the intimation within the prescribed timelines. The company has assured stakeholders that there is no major impact on its financial operations or other activities.

Disclosure and Compliance

In compliance with regulatory requirements, Indag Rubber disclosed this information to the BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company acknowledged a delay in the disclosure due to an inadvertent oversight and expressed regret for the unintentional delay.

About Indag Rubber Limited

Indag Rubber Limited, with its registered office in New Delhi, is known for manufacturing tyre retreading materials. The company operates its production facility in Village Jhiriwala, Tehsil, Nalagarh, District Solan, Himachal Pradesh. Indag Rubber prides itself on being 'The only alternative to new tyres' and holds ISO 9001:2015, ISO 14001:2015, and ISO 450001:2018 certifications.

Indag Rubber Limited , a prominent player in the rubber industry, has disclosed receiving a summons from the Office of the Assistant Director of Income Tax, Investigation, Gurgaon. The summons, issued under section 131(1A) of the Income Tax Act, 1961, was received by the company via email on August 6, 2025.

Details of the Summons

The summons requires Indag Rubber to produce certain information and documents as part of an ongoing investigation. The company has stated that it will comply with the request and provide the required evidence and documents within the prescribed timelines through its authorized representative.

Company's Response

In a filing to the BSE Limited, Indag Rubber emphasized that no violations have been committed. The company assured stakeholders that there is no impact on its financial, operational, or other activities due to this summons.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to inform the stock exchanges about material events or information.

Key Points from the Disclosure

Indag Rubber maintains its commitment to transparency and regulatory compliance. The company's prompt disclosure of this development underscores its dedication to keeping shareholders and the market informed of significant events.

As the investigation unfolds, stakeholders will be keenly watching for any further developments or disclosures from the company regarding this matter.