Eureka Forbes: High Court orders no coercive action on 10% tax deposit
Eureka Forbes' writ petition challenging a ₹16.22 crore tax demand was heard by the High Court of Madhya Pradesh. The court ordered no coercive action against the company upon depositing 10% of the tax demand. The company expects no material financial impact.
The company has stated that it does not envisage any material impact on its financials or operations at this stage. The immediate relief from coercive action with a partial deposit suggests a low immediate impact.
The court order provides a temporary relief by staying coercive action, but the litigation is ongoing, and a partial deposit is required. The company does not foresee material impact, indicating a neutral outlook at this stage.
Eureka Forbes Limited has provided an update regarding a writ petition filed challenging an order received under Section 74 of the State Goods and Services Tax Act, 2017. The Joint Commissioner, CGST & Central Excise Bhopal had previously demanded a tax liability of ₹16,22,32,387 along with penalty, citing alleged excess availment of Input Tax Credit and short payment of outward tax for the financial years 2018-19 to 2022-23.
The writ petition was heard by the High Court of Madhya Pradesh at Jabalpur on January 07, 2026. The High Court ordered that no coercive action would be taken against the company, provided that 10% of the tax demand is deposited. The company is currently in the process of making this deposit. The High Court's order, dated January 07, 2026, was received by the company on January 08, 2026.
The company does not foresee any material impact on its financials, operations, or other activities at this stage due to this litigation.
What to do with a filing like this
Eureka Forbes Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. 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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See the model portfoliosA plain-language summary of a public exchange filing by Eureka Forbes Limited. Read the original for the full detail.