Thermax Limited Receives Customs Duty Demand Order of ₹1.52 Crore
Thermax Limited received an order from the Principal Commissioner of Customs, Ahmedabad, demanding ₹1.52 crore plus applicable interest for customs duty and IGST. This is related to damages from a 2020 fire incident. The company intends to appeal this order.
The impact is considered low as the company plans to appeal the order, and the amount of ₹1.52 crore is likely manageable for a company of Thermax's size. The exact financial impact will depend on the outcome of the appeal.
The company has received a demand order for customs duty and IGST, which is a negative financial event.
Thermax Limited has received an assessment order from the Principal Commissioner of Customs, Ahmedabad, concerning a demand for customs duty and IGST amounting to ₹1.52 crore, plus applicable interest. This demand arises from damage to plant and goods due to a fire incident in SEZ, Dahej, in the year 2020.
The company received this order on April 01, 2026, at 4:21 p.m. IST. Thermax Limited plans to file an appeal challenging the said demand in due course.
This intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What to do with a filing like this
Thermax 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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See the model portfoliosA plain-language summary of a public exchange filing by Thermax Limited. Read the original for the full detail.