Dhanuka Agritech Receives ₹1.64 Cr GST Demand Order from Rajasthan Govt.
Dhanuka Agritech received a demand order from Rajasthan GST Department for ₹1.64 crore (₹92.79 Lakhs tax, ₹62.63 Lakhs interest, ₹9.27 Lakhs penalty). The order pertains to alleged GST non-payment on director remuneration and miscellaneous receipts. The company believes the demand is not maintainable and anticipates no significant financial impact.
The company has explicitly stated that it does not envisage any relevant impact on its financials, operations, or other activities. This suggests the financial implications, if any, will be minimal.
The company has received a demand order, which is a negative event. However, the company believes the demand is not maintainable and does not foresee any significant financial impact, which offsets the negativity.
Dhanuka Agritech Limited has received a demand order from the State Goods & Services Department, Government of Rajasthan, Jaipur, for an aggregate amount of ₹1.64 crore. This includes a tax demand of ₹92.79 Lakhs, interest of ₹62.63 Lakhs, and a penalty of ₹9.27 Lakhs. The order, received on December 18, 2025, alleges that the company has not paid GST on certain components of Directors' Remuneration and Commission, and there has been a short payment of GST on miscellaneous receipts.
The company, however, has assessed that the demand is not maintainable and is evaluating all options, including filing an appeal against the order. Dhanuka Agritech does not envisage any relevant impact on its financials, operations, or other activities due to this demand order.
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Dhanuka Agritech Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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