Update on Notice under APGST Act, 2017
Kirloskar Brothers provides update on APGST Act notice, involving alleged tax arrears of ₹15.48 crore. The company has filed a writ petition challenging the demand notice, with the High Court.
The litigation and tax arrears could have a medium impact on the company's financials and operations, depending on the outcome of the legal proceedings.
The announcement is an update on ongoing litigation and tax-related issues, without clear positive or negative implications.
* Kirloskar Brothers Limited (KBL) provided an update regarding a notice under the Andhra Pradesh GST Act, 2017, concerning alleged tax arrears. * The notice, dated 21 January 2025, claimed ₹15,48,06,528 in tax arrears for the year 2023-24, associated with a transaction by the IVRCL-KBL-MEIL (JV) Hyderabad. * A subsequent demand notice dated 5 August 2025, claimed ₹15,48,02,928 in tax arrears for the year 2017-18. * KBL filed a Writ Petition on 12 August 2025, challenging the demand notice, and the Hon’ble High Court granted an interim stay against recovery proceedings on 20 August 2025. * The Directors of the Company have filed Writ Petition(s) challenging the Demand Notice(s) with a prayer to set aside the impugned assessment order and demand notice(s) thereto along with interim stay pending disposal of Writ Petition before the Hon’ble High Court for the State of Andhra Pradesh at Amaravati (Special Original Jurisdiction) today at 04:05 p.m. (IST) vide filing No. WP/47631 /2025 dated 19.11.2025.
What to do with a filing like this
Kirloskar Brothers 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kirloskar Brothers Limited. Read the original for the full detail.