InterGlobe Aviation Limited has informed stock exchanges about receiving a GST appeal order that imposes a penalty of ₹1.27 crore for denied input tax credit claims. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Appeal Order Details

The company received the order on February 12, 2026, from the Office of the Joint Commissioner of State Tax (Appeals) IV Bandra, Mumbai. The order addresses GST proceedings related to the period from July 2017 to March 2018.

Company's Response and Position

InterGlobe Aviation has stated that the department denied input tax credit availed by the company and raised demand along with interest and penalty. The company believes the order passed by the authorities is erroneous and maintains it has a strong case on merits, backed by advice from external tax advisors.

The airline has confirmed it will contest the order before the appropriate authority. According to the company's assessment, there is no significant impact on financials, operations, or other activities of the company despite the penalty imposed.

Financial and Operational Impact

The company has clarified that the GST appeal order and associated penalty are not expected to have any significant financial implications on its operations. This assessment suggests that InterGlobe Aviation views the matter as manageable within its current financial framework while it pursues legal remedies.

The disclosure was signed by Neerja Sharma, Company Secretary and Chief Compliance Officer, and submitted to both the National Stock Exchange of India Limited and BSE Limited as part of the company's regulatory compliance obligations.

InterGlobe Aviation Ltd. executed a significant block trade on the National Stock Exchange (NSE), marking substantial trading activity in the airline operator's shares. The transaction involved approximately 100,129 shares and represents a notable institutional or bulk investor movement.

Transaction Details

The block trade was executed with specific parameters that highlight the scale of the transaction:

Block Trade Significance

Block trades are typically executed by institutional investors, mutual funds, or other large stakeholders to facilitate substantial share transactions without causing significant price volatility in the regular market. These transactions are conducted outside the normal trading mechanism to ensure minimal market impact while enabling large volume trades.

The execution of this block trade indicates active participation from institutional or bulk investors in InterGlobe Aviation's stock. Such transactions often reflect strategic portfolio adjustments, stake changes, or significant investment decisions by large market participants.

Market Activity

The transaction price of Rs. 4863.00 per share provides insight into the valuation at which large investors are willing to transact in InterGlobe Aviation shares. The substantial transaction value of Rs. 48.69 crores demonstrates the continued interest of institutional participants in the aviation sector, particularly in one of India's leading airline operators.