Super Sales India Limited Receives GST Demand Notice of ₹9.24 Lakh for FY 2020-21

1 min read     Updated on 13 Dec 2025, 02:21 PM
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Reviewed by
Shriram SScanX News Team
Overview

Super Sales has received a GST demand notice from the Assistant Commissioner, Trichy Road Circle, Coimbatore for the financial year 2020-21. The total demand amounts to ₹9,24,136, comprising ₹4,72,456 in tax, ₹3,67,334 in interest, and ₹84,346 in penalties. The notice addresses issues including ITC claims from blocked accounts, claims related to cancelled dealers, and reconciliation differences in GST filings. The company plans to comply with the demand and states that it will not have a material impact on its financials or operations.

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*this image is generated using AI for illustrative purposes only.

Super Sales has received a GST demand notice from tax authorities, as disclosed in a regulatory filing under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

GST Demand Details

The textile company received the demand notice from the Assistant Commissioner, Trichy Road Circle, Coimbatore. The notice pertains to the financial year 2020-21 and carries significant financial implications for the company.

Component Amount (₹)
Tax 4,72,456
Interest 3,67,334
Penalty 84,346
Total Demand 9,24,136

Nature of Non-Compliance

The GST authorities have identified specific aberrations in the company's tax compliance during the period. The demand notice addresses the following issues:

  • ITC (Input Tax Credit) claimed from blocked accounts
  • Claims related to cancelled dealers
  • Reconciliation differences in GST filings

These compliance gaps have resulted in the substantial demand being raised by the tax authorities for the assessment period of 2020-21.

Company's Response and Impact Assessment

Super Sales India Limited has indicated its intention to comply with the demand notice. The company has stated that it will make the payment for the above-mentioned demand amount of ₹9.24 lakh.

Regarding the financial impact, the company has assessed that there will be no material impact on its financials, operations, or other business activities due to this GST demand. This suggests that the company has adequate resources to handle the payment without affecting its operational capabilities.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30(13) which mandates disclosure of communications from regulatory, statutory, enforcement, or judicial authorities. The company secretary, SK Radhakrishnan, has certified that the information provided is true, correct, and complete to the best of his knowledge and belief.

The company's registered office is located at 34-A, Kamaraj Road, Coimbatore-641018, and this regulatory communication demonstrates the company's commitment to maintaining transparency with its stakeholders regarding material developments.

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Super Sales India Reports Strong Q2 Performance with 130% Surge in Net Profit

1 min read     Updated on 10 Nov 2025, 12:01 PM
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Reviewed by
Radhika SScanX News Team
Overview

Super Sales India Limited reported a 130% increase in net profit to Rs 405.57 crore for Q2 FY2026, up from Rs 176.40 crore in the previous quarter. Revenue from operations grew 5.25% to Rs 10,402.28 crore. The Textile Division remained the primary revenue generator, contributing 82.50% of total revenue. Profit before tax more than doubled to Rs 585.08 crore, with earnings per share rising to Rs 13.20. For the half-year, the company achieved a net profit of Rs 581.97 crore on revenue of Rs 20,876.02 crore. The company's balance sheet showed total assets of Rs 70,789.74 crore and total equity of Rs 53,809.09 crore as of September 30, 2025.

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Super Sales India Limited , a diversified company operating in textile, engineering, and agency divisions, has reported a significant improvement in its financial performance for the quarter ended September 30, 2025. The company's net profit surged by 130% to Rs 405.57 crore, compared to Rs 176.40 crore in the previous quarter.

Revenue Growth and Segment Performance

The company's revenue from operations stood at Rs 10,402.28 crore for the quarter, marking a 5.25% increase from Rs 9,883.19 crore in the previous quarter. Super Sales India operates through three main divisions:

Division Revenue (Rs in crore) Contribution
Textile 8,581.44 82.50%
Engineering 1,672.72 16.10%
Agency 463.18 4.40%

The Textile Division remained the primary revenue generator, contributing 82.50% of the total revenue for the quarter.

Profitability and Earnings

The company's profit before tax for the quarter stood at Rs 585.08 crore, more than doubling from Rs 225.68 crore in the previous quarter. This substantial increase in profitability is reflected in the earnings per share, which rose to Rs 13.20 from Rs 5.74 in the previous quarter.

Half-Year Performance

For the six-month period ended September 30, 2025, Super Sales India achieved a net profit of Rs 581.97 crore on a revenue of Rs 20,876.02 crore. This demonstrates a strong first half of the fiscal year for the company.

Balance Sheet Highlights

As of September 30, 2025, the company reported:

  • Total assets of Rs 70,789.74 crore
  • Total equity of Rs 53,809.09 crore
  • Current assets of Rs 19,657.77 crore, including:
    • Inventories worth Rs 6,456.09 crore
    • Trade receivables of Rs 7,446.15 crore

Management Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 10, 2025. The Statutory Auditors have carried out a limited review of the results, as per regulatory requirements.

Super Sales India's strong performance in Q2 FY2026 showcases its resilience and growth across its diverse business segments. The significant increase in profitability, coupled with steady revenue growth, positions the company favorably in the market. These results reflect the company's ability to navigate the current economic landscape effectively.

Historical Stock Returns for Super Sales

1 Day5 Days1 Month6 Months1 Year5 Years
+1.45%-1.95%-12.03%-21.06%-50.66%+136.07%
Super Sales
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