Penalty Orders Received from CGST & Excise Range -I, Durgapur -I Division
Shriram Finance received orders levying penalties of ₹14.90 lakh and ₹1,632 related to Input Tax Credit disallowance of erstwhile Shriram City Union Finance. The company will seek advice to appeal ₹14.90 lakh penalty.
The financial impact of the penalties is relatively small and not material to the company's overall operations.
The announcement discusses penalties levied on the company, which is generally considered negative news.
* Shriram Finance Limited received two orders dated November 11, 2025, from the Office of the Superintendent of Central GST & Excise Range -I, Durgapur -I Division. * The orders levy penalties of ₹14,90,328 and ₹1,632. * The penalties relate to show cause cum demand notices against erstwhile Shriram City Union Finance Limited, which was amalgamated with Shriram Finance Limited w.e.f. April 1, 2022. * The penalties were imposed under Section 74 of the Central Goods and Service Tax Act, 2017 / WBGST Act, 2017. * The demand arose from the disallowance of Input Tax Credit claimed by Shriram City Union Finance Limited during F.Y. 2018-19 and F.Y. 2019-20 for West Bengal. * The company awaits opinion from their tax consultant regarding filing an appeal against the order involving ₹14,90,328 and has decided not to contest the penalty of ₹1,632.
What to do with a filing like this
Shriram Finance 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 Shriram Finance Limited. Read the original for the full detail.