Veer Global Infraconstruction has received a show cause notice from the Goods and Services Tax (GST) authority, highlighting potential issues with the company's Input Tax Credit (ITC) claims. The notice, dated December 5, 2025, was received by the company on December 8, 2025, from the Office of the State Tax Officer, Palghar.

Key Details of the GST Show Cause Notice

Company's Response

Veer Global Infraconstruction has stated its intention to file a detailed reply to the show cause notice. The company plans to present facts, figures, and justification to the GST Authority within the prescribed timelines. The company will provide the required evidence to substantiate its tax position.

Potential Financial Impact

While the exact financial impact remains to be determined, the company faces a significant GST demand:

• Base GST Demand: Rs 26,04,464
• Additional Interest: As applicable
• Potential Penalty: As applicable

The final financial implications will depend on the outcome of the company's response and the GST Authority's decision.

Compliance with SEBI Regulations

Veer Global Infraconstruction has made this disclosure in compliance with Regulation 30 read with Clause 8 and Clause 20 of Para A and Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This adherence to regulatory requirements demonstrates the company's commitment to transparency in its communications with shareholders and the market.

As the situation develops, investors and stakeholders will be keen to monitor the company's response and the final resolution of this GST matter. The outcome could have implications for Veer Global Infraconstruction's financial position and operational practices related to tax compliance.

Veer Global Infraconstruction Limited has announced impressive financial results, showcasing substantial growth across key metrics. The company's performance highlights a significant expansion in its operations and profitability.

Revenue Surge

The company reported a remarkable 46.7% increase in revenue from operations, reaching Rs 1,138.40 lacs compared to Rs 776.22 lacs in the previous year. This substantial growth indicates a strong market demand for Veer Global's services and successful execution of projects.

Profit Boost

Veer Global Infraconstruction's bottom line saw an even more impressive improvement. The net profit after tax surged by 82.9%, climbing to Rs 71.53 lacs from Rs 39.11 lacs in the previous period. This significant increase in profitability demonstrates the company's ability to manage costs effectively while expanding its operations.

Improved Earnings Per Share

Reflecting the company's strong performance, the earnings per share (EPS) showed a notable uptick. The EPS improved to Rs 0.89 from Rs 0.61, representing a 45.9% increase. This growth in EPS is likely to be welcomed by shareholders as it indicates enhanced value creation.

Balance Sheet Strengthening

Veer Global's balance sheet also exhibited positive trends:

The substantial improvement in liquidity positions the company well for future investments and operational needs.

Audit Opinion and Board Approval

The statutory auditors have issued an unmodified audit opinion on the financial results, providing assurance on the accuracy and reliability of the reported figures. The Board of Directors approved these results in their meeting held on May 29, 2023.

Outlook

The robust financial performance of Veer Global Infraconstruction Limited, characterized by strong revenue growth, improved profitability, and a strengthened balance sheet, positions the company favorably in the infrastructure sector. The significant increase in cash reserves provides the company with enhanced financial flexibility for future growth initiatives.